[Chart courtesy of MarketWatch.com] U.S. indexes reversed Tuesday’s gains after Fed Chairman Ben Bernanke hinted at stopping further liquidity expansion measures today. In other words, he took the punch bowl away for the time being by showing no monetary exuberance. In a testimony before the Congress that started at 10 a.m. Wednesday, Bernanke said though continuing with liquidity enhancing measures …
A Week Of Small Gains For the Major Market ETFs — Lofty Levels May Cause More Volatility
Wall Street witnessed another week of volatile trading though US stock indexes made weekly gains on Friday and the S&P 500 Index closed at its highest level since June 2008 after consumer confidence and home sales reports topped expectations. The earnings season is drawing to a close and markets next week will probably be more macro-economic news driven. So far …
Equities Rally On Strong Economic Data—Gasoline ETF Booms As Pump Prices Gain
[Chart courtesy of MarketWatch.com] Strong economic data drove US equities higher today paring yesterday’s losses with the S&P climbing to a near ten-month high. Major indexes are already in the green on the week after investors were greeted with better-than-expected unemployment data on Thursday. A strong report on German economic outlook boosted sentiments further. The stock markets have performed well …
Major Market ETFs Drift Sideways, Gold Gains Again As Yellow Metal Inches Towards $1,800
[Chart courtesy of MarketWatch.com] US equity indexes ended the day lower as markets took a break on Wednesday after rallying for three sessions amid fears about global recovery and the sustainability of Greek measures in the mid-term. There has been much chatter about a possible contagion in the short-term when the Greek crisis had broken out. This hypothesis has become …
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 …
Major Market ETFs Rally Following Greece’s Vote
[Chart courtesy of MarketWatch.com] The major market indexes retraced Friday’s sell off, and then some, as Greece’s parliament voted in favor of strict financial reforms in order to receive the latest bailout package of at least $130 billion Euros. Athens burned for most of the night as protestors rioted and questioned the wisdom of having to endure more hardship after …