[Chart courtesy of MarketWatch.com] US equities mostly closed lower even as blue-chip stocks managed to cling onto modest gains after economic reports from the US, China, Japan and Europe increased concern the global economic recovery is worsening. Chinese manufacturing slowed down for the 11th straight month in September after a HSBC preliminary purchasing manager’s index reading ticked up slightly to …
US Stocks Inch Higher On Housing; Europe Gains On Japanese Stimulus
[Chart courtesy of MarketWatch.com] US stocks snapped a two-day mini-decline to finish slightly higher Wednesday after existing US home sales came in better than estimated while Japan announced additional monetary stimulus to boost a stagnating economy. The indexes turned lower early on following a Commerce Department report that showed housing starts in August grew at 2.3 percent to an adjusted …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
Equity ETFs Step Back As Manufacturing Disappoints; Europe Hits Gridlock
[Chart courtesy of MarketWatch.com] Equity ETFs took a breather to close lower Monday as last week’s Fed stimulus-driven euphoria faded after a disappointing New York area manufacturing data forced investors to mull over the health of the economy. Maybe some of the realization is sinking in that all is not well as markets have chosen to ignore economic fundamentals by …
ETF/No Load Fund Tracker Newsletter For Friday, September 14, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09132012/ ———————————————————— Market Commentary Friday, September 14, 2012 MAJOR INDEXES FINISH WEEK HIGHER ON FED STIMULUS; EUROPE RALLIES TO 15-MONTH HIGH US equities capped gains Friday to extend its winning ways for the second week in a row that pushed the three indexes to multi-year …
Equity Indexes Rally On Fed Stimulus Decision; Are We Facing Another Bubble?
[Chart courtesy of MarketWatch.com] Extending their winning ways for the third straight session after the US Federal Reserve opted for a third round of quantitative easing to boost growth, the S&P 500 rallied to its highest level since 2007 Thursday. The Dow Jones Industrial Average (DJIA) leapt 207 points, the highest since December 2007. Within the blue-chip index, breadth remained …