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 6/3/2012. The roller coaster ride continued with the S&P 500 getting spanked at the tune of -3% over the past week. While momentum has clearly shifted downward, with the major indexes dropping below their respective …
Markets Are Overreacting On The Jobs Data; QE3 On The Table: James O’Sullivan
Economist James O’Sullivan is surprised with the market’s reaction to the latest jobs number from the US. Of course, 69,000 job additions are far less than his projection of 180,000 jobs for May, but markets have overreacted because of the back drop; there’s too much jitter because of the developments in Europe and not to mention the approaching elections. The …
US Stocks End Lower As Major Market ETFs Lose Six Percent In May; TLT Rises, USO Dips
[Chart courtesy of MarketWatch.com] US stock indexes extended losing their streak Thursday, dropping to their lowest levels since 2010 with the blue-chip Dow halting its winning streak in May. Investor sentiment sank following a report from payroll-services firm ADP that showed US companies added fewer jobs in May than the forecasted 157,000. At 133,000, unemployment rate is expected to remain …
US Stocks Slide As Spanish Storm Looms; ZROZ Soars,
[Chart courtesy of MarketWatch.com] US stocks ended in the red Wednesday, losing more than one percent after reports suggested that the European Central Bank has rejected the recently nationalized Bankia group’s bailout plea. The ECB issued a statement Wednesday stating it was not consulted and can’t recapitalize Spain’s fourth largest bank. US Treasuries soared as investors sought refuge in safe …
Equity ETFs Rebound On Week’s First Trading Day; CHIM Vaults, VXX Tanks
[Chart courtesy of MarketWatch.com] As recent polls suggested that Greece is moving towards honoring its commitments ahead of next month’s elections, US stocks rose one percent Tuesday even as US consumer confidence reading dropped unexpectedly in May and home prices dipped further. Sentiment was buoyed further as investors hoped that central banks globally would provide further stimulus and China would …
Last Week In Review: ETF News And Blog Posts To 5/27/2012
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 5/27/2012. Finally, the S&P 500 managed to surprise to the upside by gaining 1.7% for the week after what seems like endless losses. The Greek saga managed to make headlines again and front page news …