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ETF Base: Despite well-known IPO disasters like Facebook (NASDAQ:FB), the First Trust IPOX Index ETF (NYSEARCA:FPX) was the best performing of all strategy ETFs in 2012, delivering returns 8% higher than the S&P 500 Read more…
US stock futures are slightly higher Thursday morning after encouraging employment data. ADP reported that the economy added 158,000 private sector jobs last month, while new jobless claims fell 9,000 to 363,000. The market closed out October yesterday Read more…
Eric Dutram: With the markets seemingly slumping as we head into the fourth quarter, some reevaluation of portfolio allocations is probably a good idea. This is especially true this time around, as the U.S. no longer seems to be such a safe haven compared to the rest of the world. Read more…
US stock futures are flat Thursday morning, taking a pause after a massive three-day rally. Yesterday pre-market there was a perfect storm of news that sent futures romping higher. The Fed, ECB, BoJ, BoE, SNB, Bank of Canada lowered interest rates 50 bps on dollar swaps, and China lowered its Read more…
US stock futures point to a higher open Tuesday following sharp losses to start the week. Political bickering once again weighed on stocks as the congressional super-committee was unable to come to an agreement on how to slash nearly $1.2 billion from the government deficit. A stale mate over the debt ceiling sent the markets Read more…
Shah Gilani: Dear Occupy Wall Street Demonstrators, Let me start by saying that I applaud your initiative. Grassroots protests are the essence of democracy. And as we’ve seen with the Tea Party movement Read more…
I have a foolproof way of getting rich. It doesn’t involve signing up for one of The Oxford Club’s services, and it doesn’t require much risk because you already know the outcome. In fact, you’ll help decide it. All you have to do to increase your net worth by Read more…
US stock futures again point to a higher open on Wall Street Thursday as hopes grow that Greece will cancel its public referendum and allow last week’s Euro rescue plan to go through. Amid widespread, vehement criticism, it now appears that Greece’s ruling party may force a cancellation of the event, which would remove a heavy weight from the market. Last night, Read more…
While US traders were enjoying a three day weekend, Europe and Asia were business as usual. The Nikkei is flirting with 10,000 once again as the pro risk rally has lifted all boats. The European Continent saw bourses up between 1/2 and 3/4 of 1% as the next Greek aid tranche was approved by the powers that be. The good vibrations continued in spite of weaker macro data from Australia to China to the Read more…
The markets have had a very nice three-day move into the end of Q2, and futures are set to open higher once again this morning. While the rally started in earnest this week, the importance of last Thursday’s reversal cannot be understated. Up to that point, leading stocks had been getting hit much harder than indices, which is decidedly bearish action. Thursday, those leading stocks began to perk up, and we Read more…
Kevin Grewal: The Durbin Amendment seeks to reduce credit and debit card networks from imposing anti-competitive restrictions and high transaction fees on small businesses, merchants and government agencies and could provide positive support for some large-cap and regional Read more…
Dian L. Chu: A year after Greece received a €110 billion ($158 billion) bailout package from the European Union (EU) and IMF, the resurgence of the European debt crisis serves to illustrate that Read more…
Millennium announced today that it had led a $70 million secondary share purchase in the equity of ETF Securities Limited (ETFS), a world leader in creating and managing Exchange Traded Read more…
Martin Hutchinson: In February 2009, I examined the top 12 U.S. banks and gave a generally bullish outlook for them, pointing out that at a fraction of net asset value, their shares were mostly Read more…
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