[Chart courtesy of MarketWatch.com] An unexpected improvement in U.S. regional manufacturing activity, a rise in business inventories, and an inline 2Q GDP report out of China, was the U.S. equities neede to continue their gains to open the week. The Standard & Poor’s 500 Index (SPY) settled higher to mark its eight consecutive advance, the longest winning streak since January. …
ETF/No Load Fund Tracker Newsletter For Friday, July 12, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07112013/ ———————————————————— Market Commentary Friday, July 12, 2013 VOLATILE FRIDAY BUT STOCKS END WEEK IN RECORD HIGH U.S. equities ended the week in volatile fashion but managed to advance for a seventh day, extending a record for the Standard & Poor’s 500 Index, despite head …
Fed Pushes Jelly Back In The Donut—SPX Rallies To New Record
[Chart courtesy of MarketWatch.com] A day after Chairman Ben Bernanke said the Federal Reserve will keep a loose monetary policy for some time to lower the unemployment rate, U.S. equity markets advanced to record highs at the close of Thursday’s session. Apparently, we must have misunderstood Bernanke’s previous remarks of tapering, as he has now successfully pushed the jelly back …
Volatile Session Thanks To Fed’s Minutes
[Chart courtesy of MarketWatch.com] U.S. equity indexes ended this volatile session on a mixed note, after the release of the minutes from the Federal Reserve’s June policy meeting created uncertainty over when and if the central bank will start to trim the stimulus. Attention shifted to focus on the speech by Chairman Ben Bernanke to begin after the closing bell. …
Major Index ETFs Hit Four In A Row Ahead Of Fed’s Minutes
[Chart courtesy of MarketWatch.com] U.S. equities moved higher for a fourth-consecutive day on Tuesday amid optimism companies will report better-than-forecast earnings for the second quarter after Dow member Alcoa bested the Street’s earnings forecasts. Investors are betting that companies will be able to surpass the low bar set for earnings season, leaving room for better-than-expected results that could drive the …
Bulls In Charge For 3rd Day—S&P 500 Nears All Time High
[Chart courtesy of MarketWatch.com] U.S. equities began today on a positive note, as last week’s upbeat U.S. labor report along with the start of corporate earnings season fueled increased optimism about growth in the world’s largest economy. It helped ease concerns about rising interest rates and the increased likelihood that the Fed will begin tapering its asset purchases. Stocks registered …