First Day Of Trading Seems Sour, Economy Looks Sweeter

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[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes posted their largest decline in three weeks on the first trading day of 2014, after the benchmark S&P 500 finished its best year since 1997. Oil and gas producers were among the hardest hit following a 3% drop in oil prices to under $96 a barrel as Libya prepares to …

New ETFs On The Block: Credit Suisse Silver Shares Covered Call ETN (SLVO)

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To offset the downside risks of precious metals as prices come under increasing pressure, Credit Suisse has launched a silver exchanged traded note that aims to generate income through a covered call options strategy. The Credit Suisse Silver Shares Covered Call ETN (SLVO) provides exposure to the iShares Silver ETF (SLV) and is the first exchange-traded product in the US …

Up, Up And Away; Dow Hits 2007 High; Europe Touches 23-Month High

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[Chart courtesy of MarketWatch.com] Equity ETFs mostly advanced today with the Dow Jones Industrial Average hitting a five-year high after data released showed continued improvement in housing and companies including Pfizer and Valero Energy reported earnings that beat estimates. The indexes picked up pace and rallied as the S&P/Case-Shiller index of US property values rose 5.5 percent in November after …

Equities Rally On Economic Data; Europe Rises On Retailer Boost

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[Chart courtesy of MarketWatch.com] US equities advanced today, sending the S&P 500 to its highest level since December 2007 as better-than-forecast housing data and initial jobless claims offset mixed corporate results. The boost came after the Commerce Department reported a sharp rise in the number of new homes being built in December. Housing starts vaulted 12.1 percent last month, the …

Equities Advance On Fiscal Cliff Hopes; Europe Little Changed As Optimism Fades

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[Chart courtesy of MarketWatch.com] US equities firmed up Thursday with the S&P 500 rebounding from its worst slump in five weeks, as House Speaker John Boehner expressed optimism about reaching a deal with President Obama. Sentiment also got a boost after third-quarter economic growth was revised higher at an annualized pace of 3.1 percent, much higher than the 1.3 percent …

Fiscal Cliff Hope Fest Pushes Indexes Higher, But On Very Low Volume; Europe Surges

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[Chart courtesy of MarketWatch.com] US stocks surged Monday to log their biggest single-session gain in months on positive housing data and increasing investor confidence that a budget deal would be reached in Washington. Mind you that a deal is pure hope at this time, and I have my doubts that total cooperation without any battle will actually be feasible. Wall …