Equity indexes finished the week in bright green territory thanks to a spectacular rally on Wednesday. Euphoria swept over equity markets all over the world last week after major central banks, including the Fed and the European Central Bank, collaborated to lower the cost of dollar funding in an effort to improve liquidity and restore confidence back in the markets. Investors saw the collective bank agreement as a key positive development, as lawmakers from around the globe demonstrated their commitment to maintain stability across financial markets. On the home front, U.S employment data surpassed analyst expectations, with the unemployment rate coming in at 8.6% versus the expected 9%. Gold ended the week higher alongside stocks, settling near $1,750 an ounce on Friday. [click to continue…]
Domestic equity markets started off the week on a strong note as investors were optimistic to see a very strong start to the holiday shopping seasons, showcasing that U.S. consumers are still alive and kicking. Euphoria swept over stocks on Wednesday after the Fed and the central banks of the euro area, Canada, Japan, U.K., [...]
Investors were left empty handed before the Thanksgiving Holiday; the Euro drama theme dominated financial markets last week as ongoing debt woes stemming from overseas overshadowed a host of positive economic data releases on the home front, including a surprise to the upside in durable goods orders. We anticipate for the spotlight to remain fixated [...]
Direxion laid the groundwork for several new products in a recent SEC proposal, including a handful of sector ETFs as well as an international equity offering. The Boston based issuer detailed plans to potentially ramp up its product lineup with four new 3x leveraged bull-bear pair ETFs. Triple-exposure products are the bread and butter of [...]
Financial markets all over the globe have taken investors for a wild ride this year and many are still dizzy from all of the wild up and down swings that seem to be abundant across virtually every asset class. A sluggish economic recovery at home coupled with ongoing debt woes in the financially fragile Euro [...]
The bulls came rushing back last week and equity indexes soared, bolstered by solid corporate earnings at home coupled with encouraging developments in the Euro zone. Investors were more than cheerful to see EU leaders take the first steps towards negotiating on a viable “rescue plan” to ensure stability in the financially fragile currency bloc. [...]
Domestic equity indexes started the week off with fresh multi-month highs as investor optimism from last week carried over. Stock markets were quick to give up gains on Tuesday however, after disappointing corporate earnings results weighted down on investor confidence, while continuing Euro zone debt woes didn’t do much to remedy the situation. Wednesday proved [...]
Domestic equity equity indexes struggled near technical resistance levels all of last week, however, the bulls prevailed on Friday. The S&P 500 Index opened and closes every single day above the key resistance level at 1,200; quite a technical feat, given that it failed to break this this level three times in the past three [...]
One of the biggest stories in the investing world over the past few years as been the rise of emerging markets. These countries continue to grow at an impressive clip and are in a much better position from a fiscal perspective than their developed market counterparts. Furthermore, the countries often have more favorable demographics than [...]
Volatility remains the name of the game. Equity indexes continue to fluctuate wildly and Wall Street started the week with a rally, but investor confidence is clearly lacking as stocks have fallen victim to high-volume profit taking near the close of almost every single trading session. The debt drama in Europe remains unresolved and investors [...]
Wall Street started the week with a rally as investors regained some optimism over the weekend, although the euro zone debt drama has by no means been resolved. Tuesday was a wild day, as equity indexes gapped much higher at the open, but failed to hold onto gains for the whole session and sold-off hard [...]
