[Chart courtesy of MarketWatch.com] Another record day as the Dow and the S&P 500 closed at new all-time highs. Markets got a leg up due to stronger-than-expected earnings and guidance from Dow member Home Depot, and further amplified by comments from two Federal Reserve officials that suggested that the Central Bank hasn’t yet set a course to taper its bond-buying …
Index ETFs Back Off Slightly On Lack Of News And Direction
[Chart courtesy of MarketWatch.com] The markets started the week lower, by and large there just wasn’t a lot of conviction on the part of either buyers or sellers. Amid a dormant economic calendar, stocks spent time on both sides of the flat line, but never put a whole lot of distance between themselves and that point for most of the …
One Man’s Opinion: Can High Yield Bonds Give Decent Returns In A Low Interest Environment?
It’s difficult to spot an upside in the high yields market since there has been an enormous rally in the segment with all time high dollar prices and all time low yields in the history of these industries. Still, compared to other bond markets, the high-yield segment offers better returns, says Jeff Peskind, Chief Investment Officer and Founder of Phoenix …
Too Much Bad News To Handle
[Chart courtesy of MarketWatch.com] After trading in a narrow range through out the day, US index ETFs finished lower as investors turned negative following lackluster economic data and mixed earnings reports. Today snapped a string of record-high closes. The Dow Jones Industrial Average (DJIA) depreciated 42 points (0.3%) to 15,233, the S&P 500 Index was 8 points (0.5%) lower at …
Defying Negative Data
[Chart courtesy of MarketWatch.com] Despite disappointing US industrial production and regional manufacturing reports, the major domestic equity markets were able to continue their recent rally and finish the trading session higher. The Dow Jones Industrial Average added 60 points (0.4%) to 15,276, the S&P 500 Index was 8 points (0.5%) higher at 1,659, setting another record in nine of the …
After A Breather, Bulls Hit Fresh All-Time Highs
[Chart courtesy of MarketWatch.com] Equities got back to their winning ways, notching solid gains amid optimism that the bulls still have room to run. The Nasdaq hit its highest level since November 2000 while the Dow Jones Industrial Average and Standard & Poor’s 500 Index hit fresh all-time highs. The Dow Jones jumped 124 points (0.8%) to 15,215, the S&P …