The year 2016 is likely to see a slow start, similar to what was witnessed in the last couple of years, due to some additional slowdown in manufacturing, said Mark Vitner, senior economist at Wells Fargo Securities. The forward looking data on manufacturing is still pointing to additional deceleration – new orders data looks horrible, while the US economy failed …
New ETFs On The Block: SPDR S&P 500 High Dividend ETF (BITE)
Domestic consumption and US consumer spending is likely to remain the dominant investment theme for 2016 as employee wages start to pick up and the wider economic recovery gains traction. Moreover, cheap fuel and improving consumer confidence would likely lead to greater levels of disposable incomes, making the consumer discretionary sector a compelling proposition to stay invested in. The restaurant …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/31/2015
ETF/Mutual Fund Data updated through Thursday, December 31, 2015 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: SELL — since 11/13/2015 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) …
2015 Ends With An Ugly Close
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks closed out the final trading day of 2015 with both the Dow and S&P 500 suffering their first year of negative returns since 2008 when the financial crisis was in full swing. Both benchmarks were on the verge of a positive year at the start of today’s trading session, with …
Volatility Remains The Word Of 2015
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell Wednesday, with losses accelerating towards the closing bell. This is the next-to-last day of trading in 2015, which has turned out to be a disappointing year for investors that have seen stocks trade sideways and post flat return for the most part. After today’s trading session, the S&P 500 is …
Stocks Bounce Back As Oil Rallies
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks skyrocketed as traders remain hopeful that a year-end ‘Santa Claus rally’ will finally push the major indexes back into positive territory for the year and avoid Wall Street’s first down year since 2008. Investors remain cautious though, as the so-called rally from Saint Nick, may not have yet completely taken flight. …