[Chart courtesy of MarketWatch.com] 1. Moving the Markets Gains today put both the S&P 500 and Dow back into positive territory for the year. Eyes were focused on tentative announcements from the Fed regarding their stress testing on top U.S. lenders, which exceeded expectations. The conclusions were that 29 of the 31 top banks all passed with flying colors. Investors …
Swinging Back Into Positive Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Major indexes broke their two day losing streak today. All of them closed in positive territory, pushed higher by updated news of the euro zone’s quantitative easing program. The ECB will officially begin a 1 trillion euro bond-buying program on March 9th. President Mario Draghi indicated during a press conference today that …
Equities Fall Led By Tech Stocks
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Just a day after the Nasdaq hit its highest mark in 15 years the markets turned downward. The S&P 500, Dow and Nasdaq all retreated from record highs. We saw some great numbers come in for auto sales in the month of February. Apparently, big snowfall and freezing temperatures had little impact …
New ETFs On The Block: JP Morgan Diversified Return Global Equity ETF (JPGE)
JP Morgan Asset Management, one of the largest issuer of mutual funds in the US, ventured into the fast growing exchange-traded funds space by launching the JP Morgan Diversified Return Global Equity ETF (JPGE) on the NYSE Arca. The launch of this much-anticipated geographically diversified “smart beta” equity fund is expected to build on JPM’s reputation as an active asset …
Mixed Emotions
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The major indexes appeared to meander aimlessly with the Dow and Nasdaq edging slightly higher while the S&P 500 dropped late in the session to post a minor loss. After breaking major milestones last week, the market looked a little tired as volume slowed down during this Holiday shortened week, which can …
The German Surplus And Some Insight Into An Overlooked ETF Segment
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wall Street closed in the red on Wednesday as traders responded to slightly more hawkish-than-expected minutes from the Federal Reserve. Many members of the Federal Reserve’s policy-setting committee said they could see the central bank trimming its $85-billion-a-month bond-buying program at ‘one of its next few meetings,’ minutes from the October meeting …