For the month of June, India’s production was up, and exchange traded funds (ETFs) focused on this rising country reaped the rewards of this growth. Before the higher interest rates and consumer spending crimp, factory output and activity in mines and utilities in India rose 5.4% from one month earlier, reports Kartik Goyal for Bloomberg. This growth spurt may slow, as the central bank has rais...
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I was going to put this together, But Mish beat me to it. That’s OK. Now, do you really believe that, with all the other economies slowing like an F1 car on full braking, the US economy is still growing?
Equity indices were up but on low volume. The big buyers (or sellers) appear to be waiting until August options to expire. I guess they have them where they want them. Everything is below the Monday high. Tomorrow should be interesting… or not. How’s that for analysis…? The Semiconductor Holders (SMH) has been up for 9 straight days but volume has not been great. The breadth o...
International Growth & Income holds promise.
The rapid weakening of economic growth outside the United States has been helping the U.S. dollar. Now, with the rest of the world economy slowing down...
<P>Plus, PIMCO's new fund, Morgan Stanley's mortgage-bond team shakeup, and more. </P>
Inflation rose at a faster rate, but weakened global growth has the market hoping that it will soon go down.
In the two weeks that I have been away, there have been dramatic moves in the currency market. Not only did the US dollar carve out a bottom, but the greenback’s recovery has been impressive. In less 1 month, the EUR/USD has plunged 1000 pips, which is a drop of more than 6 percent. The psychologically level of 1.50 was easily broken and now, the currency pair is eyeing 1.45. The Euro con...
Today was an interesting ride in the 52-week low club after we have seen very volatile markets. While oil fell $1.00 and while the S&P, NASDAQ, and DJIA were up most of the day, there were plenty of stocks gracing the 52-week lows: Akeena Solar, Inc. (AKNS)... down in sympathy with others, more speculative name in solar.American Electric Power (AEP)... becoming habitual. CompuCredit Corp. ...
The U.S. economy is fighting headwinds from a severe credit crunch and will probably grow only modestly until easier credit is available, says Gary Stern, president of the Minneapolis Federal Reserve Bank and a voting member of the Federal Open Market Committee.