[Chart courtesy of MarketWatch.com] Political deadlock in the wake of yesterday’s Eurozone meetings that failed to produce a definitive plan on how to deal with the continent’s mounting debt didn’t seem to faze markets in today’s trading session as the S&P 500 rose 1.29%. On the international front, the Nikkei, Shanghai Composite, FTSE, and DAX also posted gains. In relation …
Last Week In Review: ETF News And Blog Posts To 10/23/2011
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 10/23/2011. Again, the markets assumed a positive outcome of this weekend’s European summit based on hopes that all debt issues will be resolved. The news headlines were chockfull of announcements showing unity and agreement between …
Markets Cool Off a Bit, But Equity ETFs Are Still in the Hot Seat
[Chart courtesy of MarketWatch.com] After three days of large swings, markets tempered a bit to say the least. Volatility heavily subsided as the VIX rose 1.28%. As far as market performance, the S&P 500 posted a modest gain of 0.46% while trading with a relatively narrow 20 point band. In an otherwise relatively quiet day, gold took a bit of …
The Long-Term Outlook Still Looks Questionable for Equity ETFs
[Chart courtesy of MarketWatch.com] In what has so far been a topsy-turvy week on Wall Street, the markets backtracked into the red after Tuesday’s gains. While the Dow was marginally affected, dropping 0.63%, the S&P 500 and NASDAQ respectively fell 1.26% and 2.01%. It’s quite a disparity among the three major indices indeed. Meanwhile, oil dipped 2.60% to 86.04/barrel. With …
This Market Turbulence is Mind Boggling for ETFs
[Chart courtesy of MarketWatch.com] Just when it seemed like markets came to reality and began taking Europe’s problems into account again, equities shot up, with the S&P 500 rising 2.04% while volatility subsided. The amount of sensitivity to news in the marketplace is borderline insane at the moment. I simply can’t deviate from our strategy yet, unless a viable long-term …
Market Risk is Back On For Equity ETFs – Are We Heading Down Again?
[Chart courtesy of MarketWatch.com] Finally coming to grips with the underlying issues plaguing Europe, markets went into reverse after two weeks of gains, with the S&P dropping 1.94%. Most notably, the VIX skyrocketed 18.24%, indicating that worries concerning a European debt solution have substantially put risk back on the table. Furthermore, the dollar appreciated against the Euro, finishing at $1.37/Euro, …