Gold-focused funds experienced a turbulent 2013 after Former Fed Chair Ben Bernanke announced the end of asset purchases in May. Gold miners were no exception, and many funds lost 50 percent or more value in the following months. However, 2014 has been a totally different story and many gold miner exchange-traded funds came out on top though volatility in the …
Volatility Is All The Buzz
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Volatility seems to be the name of the game so far in 2014. One day the markets are down, the next they bounce back only to fall again the day after. All of the major U.S. indices closed in the red today after a private survey showed that U.S. businesses added jobs …
SPY Snaps 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The bulk of today’s advance occurred shortly after the open as the Dow, Nasdaq, and S&P 500 notched their highs during the initial 30 minutes. Despite today’s gain, the benchmark index remains lower by 1.1% in December. The energy sector (+1.0%) displayed strength from the open after its largest component, Exxon Mobil …
Last Hour Rally Saves The Day For Equities; Domestic TTI Barely Breaks The Trend Line To The Downside
[Chart courtesy of MarketWatch.com] Domestic stocks extended losses for the fourth straight session Thursday as investors weighed negative data on employment and manufacturing activity, and political uncertainties overseas. A Labor Department report revealed 439,000 Americans filed for unemployment benefits last week, a sharp increase of 78,000 that analysts attributed to Hurricane Sandy while a separate monthly manufacturing survey by the …
Equities Leak Higher On Data; Europe Rises On Earnings
[Chart courtesy of MarketWatch.com] US equities snapped a two-day losing streak to end modestly higher as investors weighed better economic data against average corporate earnings report. Economic data offered the silver lining after two day’s of hammering. Demand for durable goods jumped 9.9 percent in September, a Commerce Department report revealed. Also, first time jobless claims came in better than …
Economic Report, ECB Spur Bank Rally; Europe Wobbles
[Chart courtesy of MarketWatch.com] US stocks jumped Thursday with the Dow registering its third gain session in four after the latest jobless report beat estimates, and the US Fed said it allegedly can manage risks arising out of the latest round of balance sheet expansion. Sentiment got a boost after a Labor Department report revealed initial unemployment benefits claims rose …