[Chart courtesy of MarketWatch.com] The major U.S. equity index ETFs finished modestly lower, pulling back before this week’s Federal Reserve meeting that could signal when the Fed is going to begin reducing its bond purchases aimed at helping the economic recovery. Key upcoming events kept traders at bay, with Wednesday’s Fed policy decision and Friday’s U.S. nonfarm payroll report looming …
SPY’s Third Consecutive Record Closing High
[Chart courtesy of MarketWatch.com] The major U.S. equity indices closed the trading day with modest gains after housing data and earnings from companies including McDonald’s Corp. fueled speculation stimulus would continue. Investors have increasingly turned to stocks this month, as U.S. equity ETFs are receiving money at the fastest rate since September 2008. On the flip side, this will end …
Markets In “Taper” Tantrum Mode
[Chart courtesy of MarketWatch.com] Equity Indexes plummeted and growth stocks got nailed adding to Wednesday’s solid losses, one day after Fed Chairman Ben Bernanke said the Federal Reserve could start scaling back or tapering its monthly bond purchases by year-end. The selling began on Wednesday in the bond market as yields spiked sharply. From the bond trading pits the conflagration …
Pull-Back Is Gaining Momentum
[Chart courtesy of MarketWatch.com] Despite an early rally following upbeat European economic data, the major averages were unable to hold their flat lines past the opening 90 minutes, reversed course to close lower for a third-straight trading day. The Standard & Poor’s 500 Index spent the entire day in a steady decline as minor bounces were met with aggressive selling. …
Stocks Slump As More Fears Of Less Fed Stimulus Mount
[Chart courtesy of MarketWatch.com] Investors have sent stocks on a wild ride in recent sessions amid fears the central bank will trim stimulus while the economy remains weak. Recent selling could suggest the market may be moving away from its seven-month rally. The Standard & Poor’s 500 Index moved 23 points (1.4%) lower to 1,609. Today’s loss came on the …
ETF/No Load Fund Tracker Newsletter For Friday, May 24, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05232013/ ———————————————————— Market Commentary Friday, May 24, 2013 BEARS PASS BULLS HEADING INTO THE WEEKEND A quiet, low-volume session Friday drifted to a mixed close with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank …