[Chart courtesy of MarketWatch.com] US equity indexes extended gains into a second session with the S&P 500 index hitting its highest level in two months amid signs of progress in Washington in reaching a deal to avert a hike in taxes and steep spending cuts next year. Stocks surged higher after House Republicans held a news conference to say they …
Hopium Lifts Equities As Budget Talks Are Still Alive; Europe Turns Lower On Cliff Worries
[Chart courtesy of MarketWatch.com] Led by gains in financial stocks, US equity indexes pushed higher with the S&P 500 logging its biggest gain in about a month, as markets weighed news of progress on budget negotiations in Washington to avoid tax hikes and spending cuts that may tip the economy back in recession. With about two week weeks remaining to …
One Man’s Opinion: Is The European Recession Continuing?
The recession in the peripheral countries of Europe are continuing and have affected the core, says Nouriel Roubini, Nobel Laureate economist and chairman of Roubini Global Economics. France and Germany have slowed down since their major markets, the peripheral Europe and Asia, including China, have witnessed slowdowns. The eurozone recession – fed by fiscal austerity, a strong euro, a bank …
ETF/No Load Fund Tracker Newsletter For Friday, December 14, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/12/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-12132012/ ———————————————————— Market Commentary Friday, December 14, 2012 US EQUITIES STUMBLE AS BUDGET STALEMATE CONTINUES; EUROPE EDGES LOWER Equities ended lower Friday as the stalemate over federal budget negotiations overshadowed a rise in industrial production and upbeat economic data showing China’s manufacturing may expand at …
Heading South As Budget Logjam Saps Confidence; Europe Tracks Lower
[Chart courtesy of MarketWatch.com] US equities fell today as the public standoff between the Republicans and Democrats in reaching a deal to avert recession-inducing tax hikes and spending cuts in the New Year overshadowed a drop in jobless rates and growth in retail sales. Ohio Republican John Boehner criticized the Democrats for looking to punish small businesses through tax hikes …
Index ETFs Erase Gains As Optimism Over Bernanke Talk Fades; Europe Holds Ground
The major index ETFs erased gains today as optimism over Federal Reserve plans to expand its balance sheet faded after Chairman Ben Bernanke warned the central bank doesn’t have the tools to shield the economy from the looming fiscal cliff. Stocks rallied to session highs after the central bank said it would add $45 billion a month of Treasury securities starting January …