Continued weakness caused by Europe’s uncertainties pulled the S&P 500 down another -2.4% since last week’s ETF Model Portfolio update. Besides the fear of contagion from the Greek debt crisis along with no current government and new elections slated for June 16, markets are faced with having to deal with the lack of concrete solutions in sight. Not helping matters …
US Equity ETFs Slide As Greece’s Exit Continues To Loom; VXX Surges, GLDX Plummets
[Chart courtesy of MarketWatch.com] US equity ETFs retreated Tuesday, while the Dow inched towards its four-month low as developments from eurozone kept investors edgy despite steady economic numbers from the home-front. US retail sales grew by 0.1 percent in April, while CPI reading changed little for the month. The New York Empire State Index showed manufacturing bounced bank in May, …
US Stocks Get Clobbered As Greece Heads Towards Euro Exit; International TTI Signals ‘Sell’
[Chart courtesy of MarketWatch.com] US equities marched south Monday with all three indexes losing about one percent as markets remained concerned over the future of the currency-union in Europe and the safety of American banks following JP Morgan’s unexpected 2-billion trading loss. Greece’s political parties struggled to form a coalition over the weekend, fuelling fears of a re-election that is …
ETFs/Mutual Funds On The Cutline – Updated Through 5/11/2012
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 274 (last week 309) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 5/13/2012
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 5/13/2012. Much uncertainty about the worsening European debt crisis pulled the benchmark S&P 500 index lower by some 1.2% for the week. Overall, upward momentum has slowed, especially in the international area as shown by …
The Next Crisis: Will Spain Sink The European Union?
As the chatter of Greece exiting the eurozone gets louder, questions are being raised about Spain and Italy requiring bailout money from the European Central Bank to avoid a sovereign default. The Spanish and Italian banks have used the ECB’s cheap three-year loan to buy government debt, which ostensibly is a carry trade – borrow cheap and lend at a …