[Chart courtesy of MarketWatch.com] US blue-chip stocks closed lower Tuesday while the NASDAQ composite finished in the green to extend gains for the second straight session as investors cheered better-than-expected housing data even as consumer confidence plummeted ahead of a potentially market-moving speech by the US Fed chairman later this week. The S&P/Case-Shiller index that surveys home price across 20 …
Is Germany Prepared For A Greece Exit?
As the world looks forward to the outcome of meetings between German Chancellor Angela Merkel and French President Francois Hollande later in the week, it’s likely that Athens will make an exit from the eurozone soon as Berlin is unlikely to commit further funds for Greece, says Artur Fischer, co-chief executive of Boerse Berlin AG. Since Germany goes to elections …
Last Week In Review: ETF News And Blog Posts To 8/19/2012
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 8/19/2012. The low volume story continued, and the major indexes managed to crawl higher on uneven economic data with not much coming out of Europe except the occasional sound bite about the support of the …
Would The Euro Be Much Better Broken Up?
The cure for the ongoing euro crisis lies in that either Germany allows above average inflation or the Club Med countries witness depression in order to adjust for relatively higher costs, says Charles Dumas, Chief Economist and Chairman of Lombard Street Research Ltd. However, with China slowing down, German inflation is unlikely to go up since German exports depend largely …
Last Week In Review: ETF News And Blog Posts To 7/22/2012
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 7/22/2012. After market strength during the early part of the week, some reality set in as the major indexes sold off sharply on Friday ending the past five trading days with a minor gain. Europe …
Major Market ETFs Slide On Services Data; JJG Surges, EWP Sinks
[Chart courtesy of MarketWatch.com] The Major Market ETFs ended mostly lower Thursday as weak US services data combined with a coordinated interest rate cut by the European Central Bank and the People’s Bank of China subdued investors’ risk appetite. Yields on US Treasuries dropped as investors rushed to buy safe-haven assets amid indications that the global recovery is faltering. The …