Asset markets are elevated because monetary policies are very active, says Ben Emons, Senior Vice President at PIMCO. Take last week. The Federal Reserve came out with a statement, which was very similar to previous statements and very much indicative that quantitative easing by far is not over. Similarly, if we look forward to next week, the comments coming from …
A Mixed Day On Data And Europe; Italian Political Turmoil Weighs
[Chart courtesy of MarketWatch.com] The major indexes recovered from an early drop to finish mixed amid concerns Europe’s debt crisis is worsening and as pending home sales in the US tripped in February. Equities headed to their session lows shortly after the open when a report from the National Association of Realtors showed pending home sales declined 0.4 percent in …
US Indexes Surge On Manufacturing, Housing Improvement; Europe Rises On US Data
[Chart courtesy of MarketWatch.com] Index ETFs advanced Tuesday, with the S&P 500 Index rebounding to within two points of its record and the Dow Industrials hitting a new high, after US durable goods orders rose more than estimated in February and home prices jumped the most since June 2006. The Commerce Department reported orders for durable goods rose 5.7 percent …
One Man’s Opinion: Will The Fed Continue To Buy $85 Billion A Month In Assets Through 2013?
The US Federal Reserve will continue with its $85 billion-a-month assets purchase-program at least till the third quarter of 2013, feels Neil Datta, the Head of US Economics at Renaissance Macro Research. Given the Fed’s propensity to air on the side of caution, the likelihood is that they keep buying into early 2014, he noted. The Fed made it clear …
US Stock Indexes Decline As Europe, Oracle Weighs; Europe Slides On German Data
[Chart courtesy of MarketWatch.com] US stocks slumped today, posting there biggest slide in nearly a month, as weak eurozone economic data, the continued crisis in Cyprus and disappointing quarterly earnings of Oracle Corp. eclipsed better-than-estimated American economic data. Early Thursday, the European Central Bank said it may cut off emergency funding to Cypriot banks if it fails to reach a …
Fed’s ‘All-Clear’ Lifts US Equities; Europe Recovers From Cyprus Drop
[Chart courtesy of MarketWatch.com] Equities recovered from yesterday’s minor pullback, with the S&P 500 Index snapping its first three-day decline of the year, after the Federal Reserve said it would continue to support the US recovery (AKA continuing its relentless money printing efforts) while eurozone leaders mulled options for Cyprus. Speaking to reporters at the conclusion of the two-day FOMC …