[Chart courtesy of MarketWatch.com] Major market ETFs got spanked on Thursday closing lower for the fifth straight day with the Dow industrials retreating for the 11th out of 12 sessions when the Philly Fed manufacturing index contracted unexpectedly to -5.8 in May from 8.5 in April as export growth slowed. Treasury 10-year yields headed towards record lows as Greece’s future …
Major Market ETFs Rally As Fed Signals Low Rate Continuation; GDXJ Pops, VXX Sinks
[Chart courtesy of MarketWatch.com] Major market ETFs rallied for the second day Thursday, marking its biggest two-day gain in 2012, as the Federal Reserve signaled continuation of low interest rate and accommodative monetary policies to avoid a slowdown. Sentiments were also buoyed after data released by the Chinese central bank showed new loan volumes were higher than estimated, reducing fears …
Equity ETFs Retreat Over Europe Worries; VXX Jumps, GDXJ Lags
[Chart courtesy of MarketWatch.com] US stocks slipped to their lowest level in nearly a month Wednesday following a weak Spanish bond auctions report that revived the specter of the Greek debt crisis being repeated. Markets were also spooked as investors remained worried about how markets would react without further monetary stimulus from the Federal Reserve, as the bunch bowl got …
Major Market ETFs Retreat On FOMC Minutes; VXX Rises, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks slipped Tuesday with the Dow Industrials declining for the first time in four days after the minutes from the Federal Reserve Open Market Committee indicated lesser possibility for further monetary stimulus. The markets reminded me of that famous Rolling Stone song “you can’t always get what you want,” as another QE had been expected. …
Equity ETFs Extend Losses On Global Growth Jitters; VXX Zooms, GDXJ Sinks
[Chart courtesy of MarketWatch.com] Equity ETFs extended losses Wednesday after US durable goods orders came in weaker than expected, fueling global growth worries. Commodities took a big hit with copper and oil roughly falling by 2 percent while gold lost more than a percent as investors dumped energy and materials related stocks. Treasuries tumbled for the second day as demand …
Bernanke Boosts Equity ETFs; GDXJ Surges, GAZ Continues To Sink
[Chart courtesy of MarketWatch.com] US equity ETFs surged Monday, erasing a week’s losses after Federal Reserve Chairman Ben Bernanke expressed concern over the job market momentum sustainability and reaffirmed further liquidity injection if necessary. 30-year bond yields rose the most in a week after Bernanke hinted at continuing the record low interest rates, boosting bets that inflation will move north …