[Chart courtesy of MarketWatch.com] Index ETFs kicked off the week with an orderly session, ended flat on Monday and pausing after hitting record highs last week. The market was once again unfazed by a strengthening U.S. dollar. The Dow Jones Industrial Average fell 27 points (0.2%) to 15,092, the Standard & Poor’s 500 Index was unchanged at 1,634, and the …
One Man’s Opinion: Will The Fed Slow Down Easing Before The First Quarter Of 2014?
The Fed isn’t going to cease to inject liquidity until the first quarter of 2014 at the soonest, says Troy Gayeski, Senior Portfolio Manager at Skybridge Capital. Also, the Federal Reserve will not hike interest rates until end of 2014, early 2015. The more important recent catalyst, however, has been Japan’s aggressive monetary easing. That’s one reason why most hedge funds believe …
Record Runs End; Major Index ETFs Finish In Red
[Chart courtesy of MarketWatch.com] The winning streak came to an end on Thursday, as major U.S. indices closed the trading day in negative territory with currency exchange rates grabbing headlines. The market did overcome early morning lows in the wake of some mixed economic data from both sides of the pond. The Dow Jones Industrial Average was 22 points lower …
Sell in May? Not in This Bull Market… Not Yet
[Chart courtesy of MarketWatch.com] The market was able to overcome early losses, and closed the trading day higher, supported by China posting a wider-than-projected trade surplus and an unexpected rise in industrial production out of Germany. Both the Dow and S&P posted new closing highs. The gains came a day after the Dow closed above 15,000 for the first time …
Nothing To Slow It Down; Bulls Push Dow Above 15,000
[Chart courtesy of MarketWatch.com] Stocks continued their winning streak Tuesday as the Nasdaq and the Standard & Poor’s 500 Index logged their 11th up day in the past 13 sessions. The blue chip Dow Jones industrial average rose 0.6% (87 points) to 15,056, closing above the 15,000 mark for the first time ever, the S&P 500 Index increased 8 points …
SPY Closes At Record Again On Lack Of Positive News
[Chart courtesy of MarketWatch.com] The Standard & Poor’s 500 Index extended its record level on Monday to kick-off the week. Stocks traded in a tight range and ended mixed but the Nasdaq outperformed again, thanks to another strong showing from Apple. During the session, the S&P 500 also reached an all-time intraday high of 1,619.77. In moderate volume which came …