Equities changed little Wednesday with the blue-chip S&P 500 index posting marginal gains as investors decided to wait in the wings ahead of ECB’s all-important policy meeting Thursday. Meanwhile, Bloomberg reported the European Central bank is ready with its blueprint, called the “Money Outright Transactions,” to embark on an unlimited government bonds buying plan with maturities of three years or …
ETF/No Load Fund Tracker Newsletter For Friday, August 31, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/08/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-08302012/ ———————————————————— Market Commentary Friday, August 31, 2012 US, EUROPE STOCKS RALLY AFTER BERNANKE HINTS AT QE 3 IN JACKSON HOLE SPEECH US stocks rallied Friday to cap a disappointingly low volume August with more gains following the US Fed Chairman Ben Bernanke’s speech at …
Equity ETFs Sink As Hope For Further Stimulus Fades; Europe Ends Lower Over Weak Data
[Chart courtesy of MarketWatch.com] US equity ETFs retreated Thursday as a string of positive economic data dimmed hopes of further monetary stimulus ahead of Friday’s speech by Chairman Ben Bernanke. A Labor Department report showed number of Americans filing for first-time unemployment benefits for the week ending August 25 remained flat at 374,000, slightly higher than an estimated 370,000 by …
Treasuries Snap Three-Day Gains As Fed Sees Gradual Expansion; Indexes Limp Higher
[Chart courtesy of MarketWatch.com] The major indexes finished Wednesday with slim gains after the Federal Reserve’s Beige Book showed the US economy grew gradually across 12 districts with improving service-sector and retail activity offset by weak manufacturing. On another dull August trading day, stocks remained largely range-bound after the release of mixed economic reports on the day. A Commerce Department …
Going Nowhere In A Hurry Ahead Of Bernanke Speech; Draghi Skips Jackson Hole Citing Work
[Chart courtesy of MarketWatch.com] US blue-chip stocks closed lower Tuesday while the NASDAQ composite finished in the green to extend gains for the second straight session as investors cheered better-than-expected housing data even as consumer confidence plummeted ahead of a potentially market-moving speech by the US Fed chairman later this week. The S&P/Case-Shiller index that surveys home price across 20 …
Markets Drift Lower On Indecision; Europe Rises On Tech And Banks
[Chart courtesy of MarketWatch.com] US blue-chip indexes closed lower while tech-stocks jumped as investors remained undecided ahead of Federal Reserve chairman Ben Bernanke’s speech in a global banking symposium later this week. The Dow Jones Industrial Average (DJIA) lost 0.3 percent after the blue-chip index’s breadth turned negative with 20 of the 30 stocks closing lower. The S&P 500 Index …