The June 19-20 meetings records of the Federal Open Market Committee disappointed the markets, as many thought that there was not enough emphasis on quantitative easing. No surprise there as hope of QE has been the only thing propping up the S&P 500 over the past couple of years. There is a general perception that further asset purchases are “required” …
US Stocks Claw Back But Close Lower On Economy, Earnings Worries And Lack Of QE; ITB Rises, EWY Tanks
[Chart courtesy of MarketWatch.com] US stocks ended lower Thursday, extending their losing streak for the sixth consecutive day as investors grew worried over warnings from the technology sector on profits and remained wary of the lack of pace of global economic recovery. Treasuries rallied as the allure for safe-haven assets seemed more attractive after the bank of Japan refused to …
Fed Disappoints—Major Market ETFs Slip And Slide; Punk Economics Video Simplifies Understanding Of Economic Connections
[Chart courtesy of MarketWatch.com] Major Market ETFs extended losses for the fourth day, although only slighty, after the latest Federal Reserve minutes showed few members arguing in favor of further assets purchase despite US unemployment rate remaining elevated. As the chart above shows, the QE junkies were disappointed as the markets stumbled. Despite sinking 118 points earlier, the Dow Jones …
US Stocks Slip And Slide On Earnings Concerns, Spanish Debt; VIXY Edges Up, UNG Sinks
[Chart courtesy of MarketWatch.com] US stocks tumbled Tuesday with the Dow and the NASDAQ ending lower for the fourth straight day as investors became wary of corporate earnings looking softer than forecasted based on a string of weak results by technology companies. Stocks opened strong earlier over news that EU finance ministers agreed late Monday to release an initial €30 …
US Equities Go Nowhere As Jitters Grow Ahead Of Q2 Results; Merkel Seen At Wimbledon
[Chart courtesy of MarketWatch.com] US stocks finished lower Monday, extending their losing streak for the third straight day as investors became jittery on worries that profits will fall compared to the first quarter after Corporate America lowered earnings forecast as the second quarter earnings season takes off. US government debt rallied led by the 30-year bonds as Italy’s 10-year bond …
European Central Bank: No Need For Immediate Non-Standard Measures
Following last Friday’s “successful” EU summit in Brussels, global markets were euphoric amid talks of “breakthrough” in the ongoing deadlocked negotiations. However, as they say, the ‘devil lies in the detail.’ For example, the EU leaders have agreed that the proposed new EU-wide banking regulator will not be set up before the end of 2012. Since issues of national control …