Daily Investment Interpretations

Tuesday, May 29, 2012

2012-5-29: (Tuesday Night): The markets rose today an U.S. stocks gain on Greece, stimulus hopes; Stocks gain as worries about Europe abate. The NASDAQ Composite closed up 33.46 points (1.18%) to end at 2,870.99. The Dow climbed 125.86 points (1.01%) to close at  12,580.69; the S&P 500 declined 14.86 points (1.11%) to settle at 1,332.42. Oil ended the day at 90.75: Oil posts modest retreat as the dollar gains; gold logged off at 1556: Gold loses over $20 as dollar gains on Spain. The VIX slipped 0.59 to 21.17.  
    "Major indexes rise on positive signs from Greece, but euro's drop below $1.25 rattles a few nerves." 
    "U.S. stocks rose Tuesday as investors welcomed a lack of negative headlines out of Europe and hopes that China will move to support its economy. More"

     
    Marketwatch says: 
    Canadian bank’s stress-test pro talks Europe  "The head of TD Bank’s stress tests says he doesn’t expect Greece to exit euro but has modeled it. Here's what he's learned."
    China stimulus won't match 2008: report  "Senior Chinese economists say the central government's much-touted stimulus plans will be milder than actions taken at the height of the global financial crisis, according to a state-media report ."
    It's 'a great time to buy stocks'  
    'June gloom' clouds stock market  
    David Marsh: High Noon for the euro 
    Mark Hulbert: Time to bet on euro
    Swiss look past euro (video)
   
Credit Suisse: Greece exit could boost S&P 500
    May data show consumer-confidence slip 
    U.S. home prices flat in March: Case-Shiller 
    Distress is easing for U.S. households (audio)  
    Treasurys gain after Spain downgrade  
    Euro falls below $1.25  "The U.S. dollar rises toward its strongest level against the euro in almost two years after downgrade of Spanish government debt."
    Are T-bonds sending us a warning? 
    Irwin Kellner tells us that there is No such thing as a free lunch  
  
    State of the Markets articles include:   
    Looking Ahead to Wednesday's Market  
    Technical Talk: Bulls Have Regained Possession
    Today's Focus: It's All About Chinese Stimulus  "Although there are problems with Spanish banks today, at least for this morning, the focus of the stock market seems to have shifted from Europe to the hope that the Chinese will begin stimulating their economy in earnest. China's stock market rose again on Tuesday, as the benchmark Shanghai index moved up to a two-week high (the Shanghai Composite Index climbed 1.2%). The key driver to the action appears to be speculation that the government will take additional stimulative measures ... Read More »
    Consumer Confidence Falls Again In May  
    Case-Shiller Home Price Index Declines Again in March    
      
    Market futures are down ˝% tonight.