[Chart courtesy of MarketWatch.com] The Major Market ETFs ended mostly lower Thursday as weak US services data combined with a coordinated interest rate cut by the European Central Bank and the People’s Bank of China subdued investors’ risk appetite. Yields on US Treasuries dropped as investors rushed to buy safe-haven assets amid indications that the global recovery is faltering. The …
Equities Rally As Auto Sales, Factory Orders Robust In June; GDXJ Shines, VIXY Tumbles
[Chart courtesy of MarketWatch.com] Strong factory orders and an increase in auto sales for May pushed US stocks higher Tuesday after closing mixed Monday as investors breathed easy on concerns that the economy is faltering. Of course, as has been the case lately, bad economic news is simply ignored while decent reports provide the fuel for a rally. Go figure. …
Dow Slips As Manufacturing Disappoints; Worst NYSE Volume In Over A Decade
[Chart courtesy of MarketWatch.com] The S&P 500 and NASDAQ ended shrugged off early weakness to close modestly higher, while the Dow Industrials closed slightly lower Monday after ISM data showed US manufacturing shrank unexpectedly in June for the first time since July 2009. Volume was the worst on the NYSE in a decade and, even when compared to other July …
Economist: Onus On ECB To Bring Down Borrowing Costs For Spain And Italy
The European summit, ostensibly one of the many that will take place as the year wears on, that started in Brussels on Thursday created a lot of expectations around comprehensive policy measures needed to reign in the European crisis. Global markets are looking at tangible outcomes rather than statements that merely outline purposes, although the initial market reaction begged to …
ETF/No Load Fund Tracker Newsletter For Friday, June 29, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06282012/ ———————————————————— Market Commentary Friday, June 29, 2012 EXUBERANCE RULES ON EU PLAN FOR SPANISH LENDERS — BUT WILL IT LAST? US stocks soared Friday with the Dow recording its biggest monthly gain in 2012 as European leaders struck a ground-breaking deal to bolster the …
US Equities Viagra Higher In Late Trading On EU Hope; XHS Rises, SLV Tumbles
[Chart courtesy of MarketWatch.com] US stocks closed with only small losses after speculations of a breakthrough in the ongoing EU summit in Brussels fueled a late-session recovery. The rumor over a possible progress in negotiations grew stronger after Bloomberg reported German Chancellor Angela Merkel has cancelled her scheduled press conference on Thursday night, raising hopes that European leaders will announce …