Markets in the US have touched June highs since 2008, and the Dow is flirting with 13,000. Is the equity market witnessing a bull run, particularly since the start of this year? Or is the market overpriced and a pullback is imminent? The S&P is up eight percent year-to-date and nearly 25 percent since October 2011 lows. Some of the …
Equities Rally On Strong Economic Data—Gasoline ETF Booms As Pump Prices Gain
[Chart courtesy of MarketWatch.com] Strong economic data drove US equities higher today paring yesterday’s losses with the S&P climbing to a near ten-month high. Major indexes are already in the green on the week after investors were greeted with better-than-expected unemployment data on Thursday. A strong report on German economic outlook boosted sentiments further. The stock markets have performed well …
Major Market ETFs Drift Sideways, Gold Gains Again As Yellow Metal Inches Towards $1,800
[Chart courtesy of MarketWatch.com] US equity indexes ended the day lower as markets took a break on Wednesday after rallying for three sessions amid fears about global recovery and the sustainability of Greek measures in the mid-term. There has been much chatter about a possible contagion in the short-term when the Greek crisis had broken out. This hypothesis has become …
Equity ETFs Remain Flat After Greek Deal, XHB Slips, GLD Glitters
[Chart courtesy of MarketWatch.com] The Greek torment finally ended (I hope) as Eurogroup Finance Ministers agreed to a long-awaited €130 billion second bailout package early on Tuesday. The final deal arm-twisted the private holders of Greek debt to accept even higher losses than they had agreed to last month. European officials now say that private lenders, led by banks and …
European Major Market Indexes Rise On Greek Hopes
The US markets remain closed today as the country celebrates the President’s day. Meanwhile, the negotiations between Athens and the European Finance Ministers over the second bailout package continue in Brussels today. Members of the so-called Eurogroup, made up of 17 members that use the common currency, are discussing whether Greece has done enough to qualify for another round of …
Last Week In Review: ETF News And Blog Posts To 2/19/2012
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 2/19/2012. The markets picked up steam again with the S&P 500 gaining some 1.3% for the week, as opinions prevailed that a disorderly default in Greece will not happen. Even though bullish sentiment slowed a …