The prior week’s calmness gave way to severe selling with the major indexes tumbling from their lofty levels as a result of the Fed uttering the currently most feared words in the English language, namely “tapering.” This, of course, refers to the potential toning down of the QE program. Just about all asset classes got spanked with the S&P 500 …
Strong Data Set Off Market Rebound; Domestic TTI Inches Back Above The Line
[Chart courtesy of MarketWatch.com] Bulls got some much needed fuel to push U.S. equity markets higher, the most in nearly two weeks thanks to a slew of upbeat domestic economic reports. The Dow Jones Industrial Average rose 101 points (0.7%) to 14,760; the Standard & Poor’s 500 Index rebounded from a nine-week low, added 15 points (1.0%) to 1,588, while …
Chinese Stocks Enter Bear Market Territory; Domestic TTI Follows Suit; Is The S&P 500 Next?
[Chart courtesy of MarketWatch.com] Equity and bond index ETFs were battered and beaten on Monday, sending the Standard & Poor’s 500 Index to a nine-week low and adding to last week’s move downward. The focal points on those fronts were the 10-yr note yield, which spiked to 2.66% in early action, and the uncertainty surrounding what impact the Federal Reserve’s …
ETFs/Mutual Funds On The Cutline – Updated Through 6/21/2013
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 398 ETFs, of which currently 263 (last week 313) are hovering in bullish territory. The second report includes only …
Last Week In Review: ETF News And Blog Posts To 6/23/2013
In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/23/2013. The bulls started the past week with a bang only to see the bears move in, take over and dish out a severe spanking. The S&P 500 gave back more than 2%, while world …
New ETFs On The Block: Powershares Global Short Term High Yield Bond Portfolio (PGHY)
Invesco PowerShares Capital Management LLC, the Wheaton, Illinois-based sponsor of quantitative rules-based exchange traded-funds, has launched a short-term, high-yield/junk global bond ETF in an effort to bring more variety in the short-term yield-focused fixed-income world that’s currently dominated by a handful of successful ETFs. Since longer maturity bonds are generally more sensitive to interest rate movements, these securities came under …