[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street entered the second day of trading of 2016 on the defensive as investors still reeled from a global stock sell-off Monday and evaluated the most recent steps taken by Chinese authorities to stabilize markets and reduce jitters. Overnight, shares in mainland China stabilized with the help once again from government …
Market Commentary Delayed
Due to a variety of business commitments, today’s market commentary will be delayed. I hope to have it posted and emailed by 5:30 PM PST. Ulli…
New Year, Old Problems = Sour Start To 2016
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks around the world plunged on the first trading day of 2016, with the Dow diving 470 points in intraday trading before moderating its losses amid fresh signs of slowing growth in China, the world’s second-biggest economy. All three major indexes got spanked as the chart above shows. 2016’s rocky beginning came …
ETFs/Mutual Funds On The Cutline – Updated Through 12/31/2015
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 56 (last week 55) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will Equities See Muted Gains In 2016?
The year 2016 is likely to see a slow start, similar to what was witnessed in the last couple of years, due to some additional slowdown in manufacturing, said Mark Vitner, senior economist at Wells Fargo Securities. The forward looking data on manufacturing is still pointing to additional deceleration – new orders data looks horrible, while the US economy failed …
New ETFs On The Block: SPDR S&P 500 High Dividend ETF (BITE)
Domestic consumption and US consumer spending is likely to remain the dominant investment theme for 2016 as employee wages start to pick up and the wider economic recovery gains traction. Moreover, cheap fuel and improving consumer confidence would likely lead to greater levels of disposable incomes, making the consumer discretionary sector a compelling proposition to stay invested in. The restaurant …