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-08162012/ ———————————————————— Market Commentary Friday, August 17, 2012 MAJOR INDEXES END HIGHER FOR SIXTH STRAIGHT WEEK ON IMPROVED SENTIMENT; EUROPE FOLLOWS SUIT US stocks capped off gains for the sixth week in a row Friday as broad markets maintained the positive momentum after latest reports …
Cisco Pulls Equities Out Of Trading Range; German Chancellor Merkel Assists
[Chart courtesy of MarketWatch.com] Boosted by solid tech and housing data, US stocks rallied Thursday with the S&P 500 hitting its highest level since April even though regional manufacturing data remained mostly disappointing. Angela Merkel provided additional support to the markets after the German Chancellor said Berlin remains committed to the single currency during a trip to Canada. All the …
RDQ Economics: Mario Draghi Needs To Deliver On His Pledges
There has been much disappointment over European Central Bank President Mario Draghi’s apparent failure to initiate another round of bond purchases from the secondary markets to bring down Spanish and Italian 10-year yields. While Draghi signaled the central bank intends to buy sovereign bonds to bring down borrowing costs, he conceded that differences with the German Bundesbank remain over the …
European Central Bank: No Need For Immediate Non-Standard Measures
Following last Friday’s “successful” EU summit in Brussels, global markets were euphoric amid talks of “breakthrough” in the ongoing deadlocked negotiations. However, as they say, the ‘devil lies in the detail.’ For example, the EU leaders have agreed that the proposed new EU-wide banking regulator will not be set up before the end of 2012. Since issues of national control …
Economist: Onus On ECB To Bring Down Borrowing Costs For Spain And Italy
The European summit, ostensibly one of the many that will take place as the year wears on, that started in Brussels on Thursday created a lot of expectations around comprehensive policy measures needed to reign in the European crisis. Global markets are looking at tangible outcomes rather than statements that merely outline purposes, although the initial market reaction begged to …