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Ron Rowland: Wednesday, June 5, 2013 will be the last day of trading for seven exchange traded notes (“ETNs”) issued by UBS under the ETRACS brand. The final redemption value will be determined at the close of business the following day (June 6). Read more…
Chris Vermeulen: Over the past couple week’s investors and traders have been growing increasingly bearish for the US stock market. While I too also feel this rally is getting long in the teeth there is no reason to exit long positions and start shorting. Read more…
Money Morning Staff: Where silver is trading today represents a 35% decline from six months ago – which has led many investors to bail on the white metal in 2013. Read more…
Timber!!!! The price of framing lumber on CME is barely over $300 per 1,000 board feet, down more than 20% since the beginning of April. The last time prices were this low was October of last year. Meanwhile, the price of copper is Read more…
Michael Lombardi: While an economic slowdown is looming over the global economy, no one seems to care, as stock markets continue to reach new record-highs—giving investors false hopes of economic growth. But how long can this Read more…
Deutsche Asset & Wealth Management today announced the launch of the db X-trackers Municipal Infrastructure Revenue Bond Fund (NYSE Ticker: RVNU) and the db X-trackers Regulated Utilities Fund (NYSE Ticker: UTLT). Read more…
Stocks appeared to be following through on last Friday’s weakness, with most averages down 1.0% or more by 11:30 am. However, stocks found traction during the lunchtime doldrums and surged higher in the final hour of trading, sending most Read more…
The global smartphone industry has absolutely exploded into one of the most important segments in all of consumer tech today. And, although the competition in this space has never been fiercer, as names like Nokia and Blackberry attempt Read more…
There are some green arrows around the World as Europe is up about a percent across the board. Japan also bounced back 2% after it pulled off as much as 20% from highs of the year. We focused on the Japan ETF (EWJ) yesterday in Read more…
David Fabian: I recently had a very important conversation with a new client of my firm that was describing to me how their previous investment adviser destroyed their portfolio. The adviser was so convinced of a certain outcome in the market Read more…
The world’s economy is in tatters and safe havens are few and far between, says legendary contrarian Marc Faber. The banking crisis in Cyprus has shown that even bank deposits are not safe. The publisher of the Doom, Boom and Gloom newsletter, Read more…
As I expected, volatility is picking up. The VIX or CBOE Volatility Index (otherwise known as the fear gauge), which measures implied volatility in S&P 500 options, recently climbed to its highest level since late April. Meanwhile, bond volatility, Read more…
Michael Noonan: The market is undergoing a correction, but it is enough to call it a top? No. More evidence is required before saying that the Fed has thrown in the towel. If it takes more fiat to keep prices inflated, it will be provided. The alternative Read more…
Despite the uncertainty related to sequestration, huge defense budget cuts, and cancellation of big-ticket programs, the global aerospace and defense industry has nicely held up so far this year. This is largely attributable to technological innovations, Read more…
Deutsche Bank has announced that they will begin trading the db X-Trackers Municipal Infrastructure Revenue Bond Fund (NYSEArca:RVNU) tomorrow June 4th. The db X-trackers Municipal Infrastructure Revenue Bond ETF (the “Fund”) seeks investment Read more…
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