Stocks got off to a fairly weak start on Monday as investors took profits off the table given last weeks monster gains. Euro zone debt woes resurfaced on Tuesday, dragging down equity markets all over the globe, after Greek Prime Minister, George Papandreou, put the latest “bailout plan” to a referendum. Greek default fears returned to the market and investors were quick to sell, although domestic equity indexes reclaimed lost ground the following day. Surprisingly, Ben Bernanke did not spook the markets today as investors were cautiously bullish after the Fed made no announcement of additional stimulus, perhaps suggesting that the economy is on its way to a slow, but steady, recovery. Gold has been inching above support at the $1,700 level so far this week, and the precious metal closed right around $1,735 an ounce on Wednesday. [click to continue…]
Improving optimism over the Euro zone debt negotiations coupled with positive earnings and economic data releases at home pushed stock markets higher last week. Investor confidence improved considerably as domestic equity indexes climbed higher above key resistance levels and held onto gains the entire week. Bailout talks in the Euro zone reignited fears of inflation, [...]
Earnings season is well underway and investors on Wall Street appear to be quite content with the latest round of corporate performance results from industry leaders. Debt-woes stemming from the Euro zone continue to dominate headlines as investors anxiously await for policymakers to agree upon a comprehensive plan in the near future. Domestic equity indexes [...]
Wall Street started off the week in red territory following concerns that the euro zone debt-drama may take much longer to resolve than investors had originally anticipated last week. Euphoria was quick to return to the markets on Tuesday, however, as stocks soared in the last hour of trading, following an unofficial report that Germany [...]
Stocks finished in bright green territory last week as investor worries over the Euro zone subsided, while corporate earnings at home gave the bulls a reason to come back to Wall Street. France and Germany pledged their full support to the debt-stricken currency block and promised a concrete plan to ensure stability by November. Gold [...]
Thanks to the poor economic situation plaguing America, a number of proposals have been released in order to try to end this malaise. Massive stimulus was thrown at the market by leaders in D.C. while the Fed sought to do its part by embarking on multiple rounds of quantitative easing. These purchases of government bonds helped to [...]
Equities started the trading week in a hole so speak, opening far below Friday’s close on Monday morning. Stocks did manage to regain some lost ground before lunch time though, and industry giants in the tech sector lead the way higher for much of the day. Investor sentiment in regards to the euro zone is [...]
Domestic equity indexes climbed higher day after day last week, posting a very green performance as investors showed some (temporary) relief over the debt drama in Greece. In the bigger scheme of things however, there have been no real concrete measures undertaken by the ECB to fully restore confidence back in European financial markets; for [...]
The Dow Jones Industrial Average is, after an extremely shaky summer period, back in positive territory for the year. Equity markets have gotten off to a strong start this week, opening above last Friday’s close on Monday and pushing higher through Wednesday. As talked about in previous editions of ETF Insider, the S&P 500 has [...]
This past week was an extremely rough one for stocks across the board as fears over a global slowdown and worries over European debt woes sent markets tumbling around the world. Although Congress did manage to briefly come together in order to resolve the debt ceiling issue– at least in the short term– markets sold [...]
Domestic equities were shaky last week to say the least, managing to rally on Thursday and immediately sell-off on Friday following a very dismal employment report. Gold emerged as the strongest asset class, while crude oil futures fluctuated wildly much like equity markets across the globe. Earnings season officially starts this week and we are [...]
