Would it not be nice to be able to invest in one ETF that covers the entire world? Now you can, as IndexUniverse suggests in “Rydex launches All-World ETF:”Rydex, the Rockville, Md.-based fund sponsor known for its flagship equal-weight S&P; 500 ETF, has launched a new equally weighted fund designed to measure the equity market performance of both developed and …
No Load Fund/ETF Tracker updated through 1/13/2011
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe major indexes slowly but surely moved higher again pushing the S&P; 500 within less than 1% of recapturing its 1,300 level. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved above its trend line (red) by +5.60% (last week +4.82%) and remains in bullish mode. The international index has …
Picking Up Steam
As a result of high demand for Portuguese bonds, the European debt crisis eased for the time being and got the market in rally mode early yesterday morning. The latest talk now is that Portugal may not need a bailout after all. The Fed’s beige book confirmed that the economy was growing at a moderate pace with pockets of strength …
Good Start—Mediocre Ending
After a solid attempt to move to higher ground, the markets ran into unknown resistance yesterday, sold off, but managed to close on the positive side of the unchanged line. The drivers for yesterday’s action turned out to be higher commodity, energy and metals prices. Crude oil pushed through $91/barrel while gold rallied some $10. Interest rates were higher while …
European Debt Worries
Over the weekend, I talked about European debt concerns, which again moved to the front page yesterday and pushed the markets lower at the opening. At issue were worries as to whether Portugal and Spain, and to some degree Italy, may need to be bailed out and if they were able to fund their borrowing needs later on this week. …
Dollar Strength Equals Equity Weakness
The dollar and the domestic stock market have been moving in opposite directions over the past couple of years. This relationship is clearly visible in the above 1-year chart. However, lately there seems to have been some decoupling as the WSJ reports in “Dollar To Stocks: You Can Go Your Own Way?”For much of the fall, after Fed chairman Ben …