The markets are not being terribly logical and they are not expected to be logical in the short-term either, says David Kelly, Chief Global Strategist at JP Morgan Funds. Though the markets have remained volatile in recent times, fundamentally, the US economy has improved, Dave noted. Also, since the labor participation rate is falling, the unemployment rate will gradually come …
Domestic Data Returns Stocks Winning Ways
[Chart courtesy of MarketWatch.com] U.S. equity ETFs returned to a more desirable direction today, snapping their first three-day losing streak of the year, as stocks got back to their winning ways in the face of the lingering uncertainty regarding global central bank stimulus and the World Bank delivering a downgraded economic growth outlook. The Dow Jones Industrial Average advanced 181 …
Pull-Back Is Gaining Momentum
[Chart courtesy of MarketWatch.com] Despite an early rally following upbeat European economic data, the major averages were unable to hold their flat lines past the opening 90 minutes, reversed course to close lower for a third-straight trading day. The Standard & Poor’s 500 Index spent the entire day in a steady decline as minor bounces were met with aggressive selling. …
All Red—All Day
[Chart courtesy of MarketWatch.com] Stocks slid in a volatile session today, followed the global concerns surrounding the limits of additional stimulus from central banks from around the world. Major indexes fell more than 1 percent after the open but shaved most of the losses by midday to flirt with positive territory, only for the selling to resume towards the session’s …
No Convictions—Markets Slip In Quiet Session
[Chart courtesy of MarketWatch.com] Major market index ETFs had an up and down Monday as they moved above and below the flat line in choppy action, finishing mixed and nearly flat, as a plethora of divergent global economic data and an empty domestic docket met an upgrade of the U.S.’ credit rating outlook by Standard & Poor’s. The market did …
One Man’s Opinion: Are Fixed Income ETFs Great Tools For Tactical Asset Allocation?
Investors are recognizing interest rates can’t stay as low as they have been forever and there is a realization the bull market that has been witnessed in fixed-income is going to end, says Matthew Tucker, Fixed Income Strategy Head at iShares Blackrock Inc. What is interesting though is that every year, or rather every month, there is this same conversation …