[Chart courtesy of MarketWatch.com] U.S. stocks rallied for a second day on Wednesday, recouping some recent losses as slower-than-forecast economic growth fueled speculation the Federal Reserve will maintain stimulus. The Dow Jones Industrial Average rose 150 points (1.0%) to 14,910, the Standard & Poor’s 500 Index added 15 points (1.0%) to 1,603, while the Nasdaq Composite gained 28 points (0.8%) …
Strong Data Set Off Market Rebound; Domestic TTI Inches Back Above The Line
[Chart courtesy of MarketWatch.com] Bulls got some much needed fuel to push U.S. equity markets higher, the most in nearly two weeks thanks to a slew of upbeat domestic economic reports. The Dow Jones Industrial Average rose 101 points (0.7%) to 14,760; the Standard & Poor’s 500 Index rebounded from a nine-week low, added 15 points (1.0%) to 1,588, while …
Chinese Stocks Enter Bear Market Territory; Domestic TTI Follows Suit; Is The S&P 500 Next?
[Chart courtesy of MarketWatch.com] Equity and bond index ETFs were battered and beaten on Monday, sending the Standard & Poor’s 500 Index to a nine-week low and adding to last week’s move downward. The focal points on those fronts were the 10-yr note yield, which spiked to 2.66% in early action, and the uncertainty surrounding what impact the Federal Reserve’s …
ETF/No Load Fund Tracker Newsletter For Friday, June 21, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06202013/ ———————————————————— Market Commentary Friday, June 21, 2013 BIG WEEKLY LOSSES DESPITE LATE GAINS U.S. equities escaped from ending in the red on the heels of the worst two-day decline in over a year and closed mostly higher on Friday. Blue chip stocks were able …
Markets In “Taper” Tantrum Mode
[Chart courtesy of MarketWatch.com] Equity Indexes plummeted and growth stocks got nailed adding to Wednesday’s solid losses, one day after Fed Chairman Ben Bernanke said the Federal Reserve could start scaling back or tapering its monthly bond purchases by year-end. The selling began on Wednesday in the bond market as yields spiked sharply. From the bond trading pits the conflagration …
Bears Feast On Fed’s News
[Chart courtesy of MarketWatch.com] Concluding the Federal Open Market Committee’s (FOMC) monetary policy 2-day meeting, Federal Reserve Chairman Ben Bernanke held a press conference and appeared to have hinted that the days of easing may be nearing an end. The statement from the FOMC was released ahead of the press conference wherein the Fed left the target fed funds rate …