Daily Investment Interpretations

Monday, June 19, 2012

2012-6-19: (Tuesday Night): 

2012-6-19: (Tuesday Night): The markets added ~1% today: Stocks hit five-week high; Stocks rise on hope for Fed action. The NASDAQ Composite gained 34.43 points (1.19%) to end at 2,929.76. The Dow rebounded 95.51 points (0.75%) to close at  12,837.33; the S&P 500 jumped 13.2 points (0.98%) to settle at 1,357.98. Oil ended the day at 83.08: Oil futures end lower on Spain worries; gold logged off at 1630: Gold slips; Spainís woes support safe-haven demand. In site of the good market tidings, the VIX rose 0.06 to 18.38.
    "Investors bid stocks broadly higher against a backdrop of surprisingly robust U.S. housing
data and as the Federal Reserve meets."

U.S. stocks finished up about 1% Tuesday, as investors breathed a delayed sigh of relief about Greece and were optimistic the Federal Reserve might act to boost the economy at the end of its two-day meeting . More"  
    As of today, the indices have closed well above the trading range in which they've been mired for the past month... signaling that the correction is over?

    Marketwatch says: 
    U.S. still has strong investment story  
    Europe gets homework.  "The G-20 presents Europe with a lengthy to-do list at the end of its summit meeting. But disarray among the regionís leaders raises questions."  
    At G-20, global food security on agenda (video).
    IMF: Emerging markets push pledges up  
    Germany to allow Europe funds to buy debt  
    Spain pushes bonds  "Nation's paying around two percentage points more in interest than a month ago to lure investors."
    Where to buy 7% Spanish bonds.  
    Fed preview: Let's twist again.  
    Federal Reserve not cowed by elections.  
    Nigam Arora: How to trade Fed.   
    What eclipsing 50-day average means. Mark Hulbert explains that the fact that the S&P 500 has broken above its 50-day average doesn't mean much of anything.  
    Mick Weinstein writes Are we in a recession?  
    Fiscal cliff is closer than you think.    

    State of the Markets articles include:   
    How Did We Get Here?  "If you are anything like me, I'm guessing that you have probably heard enough about Greece to last you a lifetime. Well, unless of course, you are discussing vacation plans, that is. But unfortunately, if you want to have any shot at comprehending what the market is doing or why it is doing it, then you've got to have a working understanding of what is happening in Europe. So, I thought we should spend a few minutes this morning hitting the highlights of how we got to where we are and what is happening at the present time. To be sure, Greece has been at ... Read More Ľ"
    Veinte Cervezas Por Favor  "There is a lot more going on at the G-20 meeting in Mexico than meets the eye of the press. For starters, there was the cancelled meeting between President Obama and Angela Merkel ... Read More Ľ"
    EU and the Credit Rating Agencies
    Yields Soar at Spanish T-Bill Auction 
    How Did We Get Here?  
    Eurozone ZEW Indices Continue To Decline  
    For real-time updates throughout the trading day, try State of the Markets Twitterfeed.

    Market futures are slightly negative tonight.