The European summit, ostensibly one of the many that will take place as the year wears on, that started in Brussels on Thursday created a lot of expectations around comprehensive policy measures needed to reign in the European crisis. Global markets are looking at tangible outcomes rather than statements that merely outline purposes, although the initial market reaction begged to …
Europe Needs Central Fiscal Structure: Michael Spence
Michael Spence, professor of economics at New York University’s Stern School of Business thinks the risks in Europe needs socialization in the short-term. The Eurozone is going to stand or fall depending on the reforms they undertake in Spain or Italy. Unfortunately, those reforms will take time to show the results. Borrowing costs however remain the dominant problem right now …
ETF/No Load Fund Tracker Newsletter For Friday, June 22, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06212012/ ———————————————————— Market Commentary Friday, June 22, 2012 US EQUITIES REBOUND ON EUROPE HOPES; EWP FLIES, VIXY CRASHES US stocks clawed back Friday, recovering part of Thursday’s sharp losses after the European Central Bank said it will lower rating thresholds and amend eligibility criteria for …
Are We Turning Overly Bearish Over Europe?
With the endgame in Europe over Greece in sight, are the markets overly worried about a possible euro breakup following Athens’ exit? Karen Olney, head of thematic equity strategy at UBS AG certainly doesn’t think so. Europe still provides tremendous value and global investors have not capitulated yet though there are specific calendar risks involved (e.g. – Greece election on …