The stock markets have done remarkably well thus far this year with the S&P 500 index posting its best quarter since 1998, soaring more than 12 percent in the past three month, which can certainly be called an aberration supported by excess liquidity and artificially low interest rates. The markets, however, witnessed a pull back this week, triggered by the …
US Stocks End Mixed; VXX Rallies On Fear, EWO Tanks
US stocks ended mixed Thursday with the broad market ETFs retreating for the third successive day in a shortened week, as worries over Spanish debt crisis returned to haunt Wall Street. All the indices closed lower for the week despite better weekly claims data ahead of Friday’s nonfarm payrolls reading for March. As equities sank, US Treasuries marched ahead for …
Equity ETFs Retreat Over Europe Worries; VXX Jumps, GDXJ Lags
[Chart courtesy of MarketWatch.com] US stocks slipped to their lowest level in nearly a month Wednesday following a weak Spanish bond auctions report that revived the specter of the Greek debt crisis being repeated. Markets were also spooked as investors remained worried about how markets would react without further monetary stimulus from the Federal Reserve, as the bunch bowl got …
Major Market ETFs Retreat On FOMC Minutes; VXX Rises, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks slipped Tuesday with the Dow Industrials declining for the first time in four days after the minutes from the Federal Reserve Open Market Committee indicated lesser possibility for further monetary stimulus. The markets reminded me of that famous Rolling Stone song “you can’t always get what you want,” as another QE had been expected. …
US Equity ETFs Rally Into The Second Quarter; GAZ Pops, VXX Tanks
[Chart courtesy of MarketWatch.com] US stocks rallied Monday, extending last week’s advances, after better-than-expected latest domestic manufacturing data stretched Wall Street’s best first quarter since 1998. The Dow climbed to its highest level since 2007 after the Institute of Supply Management’s index on manufacturing activity rose to 53.4 in March, slightly beating market expectations. The Federal Reserve kept buying debt …
Last Week In Review: ETF News And Blog Posts To 4/1/2012
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 4/1/2012. After Monday’s surge, the major market ETFs spent the remainder of the week in a sideways pattern but managed to close out the quarter on the upside. Small pullbacks did not accelerate to the …