[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was the Swiss National Bank (SNB) which stunned the markets by not only removing its currency peg with the Euro but also implementing a rate cut at the same time. Swiss stocks collapsed, rates crashed while the Swiss Franc soared leaving the big boys, who were short, wondering how to possibly …
Markets End Lower For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets dropped again today following a weak reading on holiday retail sales and a disappointing earnings report from JPMorgan (JPM). The consensus amongst analysts regarding the lower earnings is that the bank has been dragged down by ongoing legal costs. Renewed turmoil in commodities also weighed on investors, as did a global …
Dead Cat Bounce Takes Markets For A Ride
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a wild and bumpy ride on Wall Street today. Volatility continued, and we saw the Dow swing back and forth to the tune of 400 points before closing in the red. Early gains were largely driven by upbeat investor sentiment reacting to Alcoa (AA) posting a top notch earnings report, …
Big Price Swings/Oil Take Markets Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Volatility continues to be the name of the game thus far in 2015. Major indexes saw huge price swings, however, all of them closed the day in the red. The culprit impacting markets most seemed to once again be oil. Oil prices dropped another 5% today to close at $46.07 per barrel, …
ETFs/Mutual Funds On The Cutline – Updated Through 1/9/2015
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 410 ETFs, of which currently 237 (last week 243) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: SPDR MSCI ACWI Low Carbon Target ETF (LOWC)
State Street Global Advisors (SSGA), the exchange-traded fund issuer behind the SPDR range of products, recently unveiled the world’s first low-carbon ETF in order to give investors exposure in a fund that cares for the environment. The newly-launched State Street MSCI ACWI Low Carbon Target ETF (LOWC) focuses on companies that are carbon-efficient and emit less-amount of green-house gases compared …