The S&P 500 advanced some 0.8% since last week’s ETF Model Portfolio report with all eyes remaining on the final outcome, whenever that will be, of the Greek debt saga. More layers of austerity were added during today’s Eurozone meeting, but questions abound, and rightfully so, how a country mired in a depression, with more cuts to come, will be …
Equity ETFs Remain Flat After Greek Deal, XHB Slips, GLD Glitters
[Chart courtesy of MarketWatch.com] The Greek torment finally ended (I hope) as Eurogroup Finance Ministers agreed to a long-awaited €130 billion second bailout package early on Tuesday. The final deal arm-twisted the private holders of Greek debt to accept even higher losses than they had agreed to last month. European officials now say that private lenders, led by banks and …
European Major Market Indexes Rise On Greek Hopes
The US markets remain closed today as the country celebrates the President’s day. Meanwhile, the negotiations between Athens and the European Finance Ministers over the second bailout package continue in Brussels today. Members of the so-called Eurogroup, made up of 17 members that use the common currency, are discussing whether Greece has done enough to qualify for another round of …
ETFs/Mutual Funds On The Cutline – Updated Through 2/17/2012
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 353 (last week 332) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 2/19/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 2/19/2012. The markets picked up steam again with the S&P 500 gaining some 1.3% for the week, as opinions prevailed that a disorderly default in Greece will not happen. Even though bullish sentiment slowed a …
Asset Diversification During Changing Times
While Greece is unraveling and remains under threat of disorderly default, we can’t deny that equity ETFs have had a favorable run since the start of the year. While I have advocated a less risky portfolio over the last several months due to deteriorating conditions in Europe, acting too conservatively can have its drawbacks. As seen in this discussion, although …