[Chart courtesy of MarketWatch.com] Robust US economic data on factory output and housing failed to halt the broad slide as US stocks closed lower Wednesday for the fourth straight trading session. Though the day had started off strongly, but concerns over Greece weighed on investor sentiments and down we went. Yield on the benchmark 10-year Treasuries sank to a seven-month …
US Equity ETFs Slide As Greece’s Exit Continues To Loom; VXX Surges, GLDX Plummets
[Chart courtesy of MarketWatch.com] US equity ETFs retreated Tuesday, while the Dow inched towards its four-month low as developments from eurozone kept investors edgy despite steady economic numbers from the home-front. US retail sales grew by 0.1 percent in April, while CPI reading changed little for the month. The New York Empire State Index showed manufacturing bounced bank in May, …
US Stocks Get Clobbered As Greece Heads Towards Euro Exit; International TTI Signals ‘Sell’
[Chart courtesy of MarketWatch.com] US equities marched south Monday with all three indexes losing about one percent as markets remained concerned over the future of the currency-union in Europe and the safety of American banks following JP Morgan’s unexpected 2-billion trading loss. Greece’s political parties struggled to form a coalition over the weekend, fuelling fears of a re-election that is …
ETF/No Load Fund Tracker Newsletter For Friday, May 11, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05102012/ ———————————————————— Market Commentary Friday, May 11, 2012 JP MORGAN LOSS WEIGHS ON STOCKS; EEME SHINES, IYG FADES US stocks finished the week lower for the second consecutive week on Friday as banking giant JPMorgan Chase announced an unexpected $2-billion trading loss, sending investors running …
US Broad Markets End Losing Streak; EWP Pops, KWT Drops
[Chart courtesy of MarketWatch.com] US broad markets ended higher with the NASDAQ dropping after blue-chips reversed their longest losing streak in nine months following a dip in jobless claims. Investors, however, remained cautious as Europe wavered over Greece’s possible exit from the monetary union. Treasuries cut losses as investor-demand for safe-haven US debts remained strong, though yields rose for the …
Major Market ETFs Continue To Retreat On Europe Worries; International Trend Tracking Index (TTI) Slips Into Bear Market Territory
[Chart courtesy of MarketWatch.com] US stocks bounced back to pare losses suffered earlier in the day though all the three major market indexes closed lower Wednesday as the Greece political drama weighed on investor sentiment. Treasuries rose as Europe continued to witness political turmoil following Greece’s failure to form a coalition government, driving the today’s 10-year auction-yield to record low …