[Chart courtesy of MarketWatch.com] US equities firmed up Thursday with the S&P 500 rebounding from its worst slump in five weeks, as House Speaker John Boehner expressed optimism about reaching a deal with President Obama. Sentiment also got a boost after third-quarter economic growth was revised higher at an annualized pace of 3.1 percent, much higher than the 1.3 percent …
Fiscal Cliff Regression As Negotiations Stall; Europe Rises On German Data
[Chart courtesy of MarketWatch.com] Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year. White House Communications Director Dan Pfeiffer said President Obama would veto a tax …
Equity Indexes Go Vertical On Fiscal Cliff Hope; Eerie Chart Of The Day; Europe Tracks Higher
[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 …