[Chart courtesy of MarketWatch.com] 1. Moving the Markets It all started with China’s Shanghai index dropping some 8.5% and the European markets following closely by losing some 5%. U.S. equities took a huge tumble at the opening, rallied back to almost even before succumbing to last hour selling. China has been a story in itself with their index having gained …
China Devalues; Global Markets In Retreat Mode
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For the time being, today’s pullback makes yesterday’s big advance look like a dead cat bounce. Just as the bulls had taken charge, the rug was pulled out from under them as the Chinese devalued the Yuan sending world markets reeling. This brought up concerns as to whether the slowdown in China …
Oil Slump Pulls Indexes Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets I could have been a lot worse, but the major indexes found some footing late in the day and managed to limit the downside damage with the S&P making up more than half of its intra-day losses. But then again, after last week’s nice gains, a pause was in order. Weak economic …
Data Overshadows Greece
[Chart courtesy of MarketWatch.com] 1. Moving the Markets To heck with Greece is what Wall Street muttered today and returned the focus back on domestic economic data. The major indexes managed to build on yesterday’s rebound and closed up higher despite a mid-day pullback. The Greek saga continues to play in the background with its upcoming referendum on Sunday to …
Markets Sour To Kick Off Second Week Of June
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Global markets started the week on a softer note after talks on the Greece bailout broke down on Sunday. The Dow Jones industrial average dropped 108 points to end back in the red for 2015 as both domestic and global concerns weighed on investors. Chief concerns include the ongoing stalemate between Greece …
New ETFs On The Block: Powershares S&P 500 Ex-Rate Sensitive Low Volatility Portfolio (XRLV)
The broad equity markets in the US saw heightened volatility this year amid continuing tensions around Greece, highly unpredictable oil prices and weak GDP data on the domestic front. Moreover, a fluctuating greenback and an unexpected slowdown in China – the world’s second largest economy, didn’t help investor sentiment either. After the poor showing in the first quarter, economic readings …