US equities finished mixed Monday with the Dow Industrials wavering as relief over the win of pro-bailout parties in Greece, which diminishes an imminent exit for Athens greatly, proved short lived. Spanish 10-year borrowing costs hit a euro-era high, breaching the seven percent level that ultimately forced the Dow lower for the day. Amid speculations that the Federal Reserve will …
Last Week In Review: ETF News And Blog Posts To 6/17/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 6/17/2012. To heck with the economic data points for the week which, without exception, were simply awful as every one of them came in below expectations. Well, these days that’s a good thing, as it …
“Bernanke Has Limited Options To Stimulate Growth;” Chief Investment Officer, Strategic Group
What are the tools available to Federal Reserve Chairman Ben Bernanke to stimulate growth/avoid a double-dip recession in case the European crisis worsens? In his latest testimony before the US Congress Bernanke claimed the Fed has options available to accelerate the economy. Lincoln Ellis, the Chief Investment Officer for the Strategic Group however, begs to differ and feels there are …
Major Market ETFs Jump On Stimulus Rumors; UNG Burns Bright, VIXY Sinks
[Chart courtesy of MarketWatch.com] US stocks jumped more than one percent Thursday as reports in the media suggested central banks from major economies across the world stand ready to take coordinated steps to stabilize markets if Greece elections over the weekend cause market turbulence. The market was a rumor mill all day long, but the abovewas the mother of wishful …
Greece Election On Sunday Hangs Heavy Over Stock Markets; FAA Flies, EU Tanks
[Chart courtesy of MarketWatch.com] US stocks declined Wednesday as investors remained worried over Sunday’s Greek elections. The situation was compounded further after ratings agency Egan-Jones cut Spain’s government debt to junk Wednesday. Treasuries advanced to erase yesterday’s gain in yields as markets turned jittery after reports showed a decline in US retail sales in May, spiking demand for safe-haven assets. …
Equities Rise On Fed Stimulus Hopes; TAN Soars, VXX Drops
[Chart courtesy of MarketWatch.com] Domestic equities surged more than one percent Tuesday, wiping off losses suffered Monday, as investors took a cue from Europe’s peripheral markets after Spanish bonds came off Euro-era record highs on speculation the Federal Reserve and other central banks will restart asset purchase programs. Sure, we’ve heard that one before resulting in very short-term effects. Treasuries …