[Chart courtesy of MarketWatch.com] The major U.S. equity ETFs finished trading with modest gains after a choppy session, amid the Federal Reserve Chairman Bernanke reiterating in Congressional testimony, that the Central Bank’s asset purchases could be increased or reduced depending on the health of the economic recovery. Supporting the up-down session were an unanticipated declines in domestic building permits and …
Markets Pull Back Awaiting Fed Chief’s Statement
[Chart courtesy of MarketWatch.com] The longest rally in the Standard & Poor’s 500 Index (SPY) since January came to a halt today in the wake of a mixed bag of economic and earnings news. Tomorrow’s looming semi-annual testimony on Capitol Hill by Federal Reserve Chairman Ben Bernanke may also have contributed to a bit of caution on the Street. The …
Bulls Open The Week With Lack Of Participants
[Chart courtesy of MarketWatch.com] An unexpected improvement in U.S. regional manufacturing activity, a rise in business inventories, and an inline 2Q GDP report out of China, was the U.S. equities neede to continue their gains to open the week. The Standard & Poor’s 500 Index (SPY) settled higher to mark its eight consecutive advance, the longest winning streak since January. …
ETF/No Load Fund Tracker Newsletter For Friday, July 12, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07112013/ ———————————————————— Market Commentary Friday, July 12, 2013 VOLATILE FRIDAY BUT STOCKS END WEEK IN RECORD HIGH U.S. equities ended the week in volatile fashion but managed to advance for a seventh day, extending a record for the Standard & Poor’s 500 Index, despite head …
Fed Pushes Jelly Back In The Donut—SPX Rallies To New Record
[Chart courtesy of MarketWatch.com] A day after Chairman Ben Bernanke said the Federal Reserve will keep a loose monetary policy for some time to lower the unemployment rate, U.S. equity markets advanced to record highs at the close of Thursday’s session. Apparently, we must have misunderstood Bernanke’s previous remarks of tapering, as he has now successfully pushed the jelly back …
Volatile Session Thanks To Fed’s Minutes
[Chart courtesy of MarketWatch.com] U.S. equity indexes ended this volatile session on a mixed note, after the release of the minutes from the Federal Reserve’s June policy meeting created uncertainty over when and if the central bank will start to trim the stimulus. Attention shifted to focus on the speech by Chairman Ben Bernanke to begin after the closing bell. …