Central banks around the world, especially the European Central Bank (ECB), have done a pretty good job of preventing the downside, but they really have not kicked up the upside with respect to economic growth, said John Silvia, chief economist at Wells Fargo Securities. Both growth and inflation expectations have been lower over time. There have been contradictions in the …
Draghi’s Bazooka Backfires—Lots Of Noise, No Result
[Chart courtesy of MarketWatch.com] 1. Moving the Markets There was a lot of movement in the markets today that only resulted in minimal changes at the closing bell. Markets stayed flat after a roller coaster ride of reactions to reports from the ECB and decisions regarding oil. Lots of buzz about the European Union today! News came in that the …
Major Indexes Hit The Skids
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Pricing in a potential rate hike by the Fed came home to roost as the Dow suffered its worst one-day point drop in some five months. Despite some central banks starting a quantitative easing path, such as the ECB, there was simply no support, and the major indexes went negative YTD. Europe’s …
ETF/No Load Fund Tracker Newsletter For January 30, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01292015/ ———————————————————— Market Commentary Friday, January 30, 2015 A DISAPPOINTING END TO A DISAPPOINTING MONTH…AGAIN [Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite being one of the best performing equity markets in 2014, the S&P 500 is off to a choppy and sluggish start …
One Man’s Opinion: Will Europe’s Banking System Remain Weak?
The one thing that stood out in Thursday’s QE announcement by the European Central Bank was how they managed market expectations, said Bob Parker, senior Advisor at Credit Suisse Asset Management. There was fear in the markets that the ECB would fail to meet expectations, but the central bank managed them very well. They came out with a program, which …
One Man’s Opinion: Has The ECB’s Stimulus Program Failed To Drive The Eurozone’s Real Economy?
The looming elections in Greece have triggered higher volatility across asset classes as they remind of the so-called “Grexit” (Greece exit from the EU) episode that played out in 2010-11. The first round of Presidential election will be held next week in Greece and if the government/ruling party fails to secure 2/3rd majority, the crucial third round will be held …