From the monthly archives:

March 2010

Equity markets trended lower in mid-week trading as the major indexes lost ground to close out the first quarter. Although energy shares trended higher after news the President Obama had lifted a ban on offshore drilling, other sectors fell after a surprising drop in private-sector employment levels ahead of the government’s payrolls data later this week. “It’s a short week and being the end of the quarter, people have locked in a lot of their positions,” said Cleveland Rueckert, market analyst at Birinyi Associates. Among the winners to finish the month was Apple, which again closed at a record high after renewed speculation the the technology giant would develop an iPhone for Verizon. Industrials also trended higher as 3M rose by more than 3.5% and Honeywell jumped by 2.3%. [click to continue…]

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Obama Opens Offshore Drilling; Oil ETFs Soar

by on March 31, 2010 | Updated April 2, 2010

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The plan, which will impact offshore exploration through 2017, includes the lease sale of a tract of Atlantic waters 50 miles off the Virginia coast and plans for new seismic studies along south- and mid-Atlantic states that could help pinpoint pockets of oil and gas. That research would guide future drilling decisions on the Atlantic seaboard. [click to continue…]

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Direxion, the pioneer of 3x and -3x daily leveraged ETFs in the U.S., is going international. Beginning on March 31, six Direxion Shares Daily ETFs will be listed on the Amsterdam market of NYSE Euronext, significantly expanding the base of investors with access to these products. The Direxion ETFs available on this market include daily […]

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Under The Microscope: Technical Analysis ETF (PDP)

by on March 31, 2010 | Updated April 2, 2010

While the ETF world started by focusing on tracking well known indexes such as the S&P 500, it has significantly branched out in recent years, giving investors funds tracking everything from commodity indexes to quantitative methodologies that attempt to deliver excess returns. These quant ETFs haven’t really hit it big yet, but have certainly attracted […]

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Malaysia’s prime minister outlined a bold plan to modernize the Asian nation’s economy on Tuesday, addressing a corrupt and flawed system that many economists blame for holding back the country’s growth. In a speech in Kuala Lumpur to kick off the “New Economic Model,” prime minister Majib Razak said the entrenched affirmative action policies, which […]

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Equity markets finished flat on Tuesday, with the Dow and Nasdaq finishing ahead while the S&P 500 trended slightly lower. Technology stocks led the surge higher as Apple hit a new all-time high of $235.84. This continued surge for Apple came after a report that the company was developing a new iPhone for Verizon, the […]

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Brazil has been one of the big winners of the rally in global equity markets over the last year, as the BRIC economic bloc established its position as the leader in the economic recovery. Strong demand for raw materials in other developing economies fueled an impressive rebound, and the selection of Rio de Janeiro as […]

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The rise of the ETF industry has changed a lot about the business of investing. It has altered the way investors look at expenses, making it difficult to justify handing over 200 basis points (or more) each year to an active manager who can’t regularly beat a benchmark. It has also expanded the universe of […]

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Recent years have seen the launch of hundreds of new exchange-traded products, many of which offer increasingly granular exposure to various asset classes. The latest innovation comes in the commodity space, where Vermont-based Teucrium Trading LLC filed with the SEC for an ETF that invests in Chicago Board of Trade Corn Futures. The Teucrium Corn […]

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The bulls continued their dominance over the bears to start a week packed with important earnings reports and data releases, as most major equity markets headed higher on the day. The government’s plan to sell nearly 8 billion shares of Citi stock weighted on the financial sector, while energy stocks got a boost from rising […]

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In the wake of the most recent global economic downturn, there has been a monumental reshuffling atop the global totem pole. The emerging markets of the world have–well, emerged–as the clear leaders in a new global economy, returning to impressive growth rates as developed economies battle still-rising unemployment, deflation, fiscal crises, and a host of […]

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From an investment perspective, the U.S. has historically been the dog and the rest of the world the tail. Global equity markets have taken their cues from Wall Street, and economic developments in the U.S have rippled throughout the world. The U.S. remains a very important part of the global economy, but the last few […]

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