[Chart courtesy of MarketWatch.com] Equities see-sawed and edged lower Wednesday as the Federal Reserve extended its much anticipated Operation Twist program but stopped short of initiating a more aggressive direct bonds purchase program, which was the exact possibility I discussed in last night’s post. As the chart above shows, the major indexes went on a wild ride, but held up …
US Equities End Mixed As Spain Takes Center Stage; GAZ Rises, EWP Sinks
US equities finished mixed Monday with the Dow Industrials wavering as relief over the win of pro-bailout parties in Greece, which diminishes an imminent exit for Athens greatly, proved short lived. Spanish 10-year borrowing costs hit a euro-era high, breaching the seven percent level that ultimately forced the Dow lower for the day. Amid speculations that the Federal Reserve will …
Major Market ETFs Jump On Stimulus Rumors; UNG Burns Bright, VIXY Sinks
[Chart courtesy of MarketWatch.com] US stocks jumped more than one percent Thursday as reports in the media suggested central banks from major economies across the world stand ready to take coordinated steps to stabilize markets if Greece elections over the weekend cause market turbulence. The market was a rumor mill all day long, but the abovewas the mother of wishful …
Greece Election On Sunday Hangs Heavy Over Stock Markets; FAA Flies, EU Tanks
[Chart courtesy of MarketWatch.com] US stocks declined Wednesday as investors remained worried over Sunday’s Greek elections. The situation was compounded further after ratings agency Egan-Jones cut Spain’s government debt to junk Wednesday. Treasuries advanced to erase yesterday’s gain in yields as markets turned jittery after reports showed a decline in US retail sales in May, spiking demand for safe-haven assets. …
Equity ETFs Drop As Spain Rescue Disappoints And Greece’s Election Looms Large; VIXY Pops, GAZ Crashes
[Chart courtesy of MarketWatch.com] US stocks swung wildly Monday giving up early gains to close sharply lower following the best week of the year as investors remained concerned over the upcoming Greek elections and optimism over Spain’s $125 billion bank bailout-deal fizzled on worries that the benefits will not be sustained. The treasury 30-year bonds pushed higher for the first-time …
ETF/No Load Fund Tracker Newsletter For Friday, June 8, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06072012/ ———————————————————— Market Commentary Friday, June 8, 2012 MAJOR MARKET ETFS POST BEST WEEKLY GAIN OF THE YEAR; EWP RISES, VIXY CRASHES US stocks headed higher Friday to extend gains for the fourth straight day and capping their best week of the year amid rumors …