Daily Investment Interpretations
Tuesday, May 29, 2012
(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
(1.18%) to end at 2,870.99. The Dow climbed
to close at 12,580.69; the S&P 500
declined 14.86 points
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
"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"
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.