[Chart courtesy of MarketWatch.com] US equity ETFs retreated Tuesday, while the Dow inched towards its four-month low as developments from eurozone kept investors edgy despite steady economic numbers from the home-front. US retail sales grew by 0.1 percent in April, while CPI reading changed little for the month. The New York Empire State Index showed manufacturing bounced bank in May, …
US Stocks Get Clobbered As Greece Heads Towards Euro Exit; International TTI Signals ‘Sell’
[Chart courtesy of MarketWatch.com] US equities marched south Monday with all three indexes losing about one percent as markets remained concerned over the future of the currency-union in Europe and the safety of American banks following JP Morgan’s unexpected 2-billion trading loss. Greece’s political parties struggled to form a coalition over the weekend, fuelling fears of a re-election that is …
Last Week In Review: ETF News And Blog Posts To 5/13/2012
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 5/13/2012. Much uncertainty about the worsening European debt crisis pulled the benchmark S&P 500 index lower by some 1.2% for the week. Overall, upward momentum has slowed, especially in the international area as shown by …
The Next Crisis: Will Spain Sink The European Union?
As the chatter of Greece exiting the eurozone gets louder, questions are being raised about Spain and Italy requiring bailout money from the European Central Bank to avoid a sovereign default. The Spanish and Italian banks have used the ECB’s cheap three-year loan to buy government debt, which ostensibly is a carry trade – borrow cheap and lend at a …
US Broad Markets End Losing Streak; EWP Pops, KWT Drops
[Chart courtesy of MarketWatch.com] US broad markets ended higher with the NASDAQ dropping after blue-chips reversed their longest losing streak in nine months following a dip in jobless claims. Investors, however, remained cautious as Europe wavered over Greece’s possible exit from the monetary union. Treasuries cut losses as investor-demand for safe-haven US debts remained strong, though yields rose for the …
Major Market ETFs Continue To Retreat On Europe Worries; International Trend Tracking Index (TTI) Slips Into Bear Market Territory
[Chart courtesy of MarketWatch.com] US stocks bounced back to pare losses suffered earlier in the day though all the three major market indexes closed lower Wednesday as the Greece political drama weighed on investor sentiment. Treasuries rose as Europe continued to witness political turmoil following Greece’s failure to form a coalition government, driving the today’s 10-year auction-yield to record low …