Daily Investment Interpretations
Friday, June 29, 2012
(Friday Night): The
markets rose mightily today: Bulls can't recover quarter;
Stocks end first half of 2012 with a bang. The NASDAQ Composite
(3.00%) to end at 2,935.05. The Dow
to close at 12,880.09; the S&P 500
rebounded 33.12 points
to settle at 1,362.16. Oil rose to 84.84: Oil surges on EU debt plan;
gold logged off at 1599: Gold back atop $1,600.
The VIX declined 2.63
"Dow tallies best month of the year and Nasdaq posts its best day for 2012, after Europe moved to bolster the economies of its more troubled nations."
"U.S. stocks soared Friday, and all three indexes closed out the first half of 2012 up more than 5%. The Nasdaq has etched double-digit gains. More"
Stocks in a world of hurt "A tumultuous quarter has left a trail of bailed-out countries and burned-out investors, writes Myra P. Saefong, and it's not clear what's coming next."
Bonds on borrowed time. "U.S. government bond funds played the hero yet again this quarter. Sound familiar? It should."
Hulbert: Has major bear market in gold begun?
Michael Gayed: Anticipating the anticipation of others.
Spano: Buy-and-hold is mostly right.
Waring: Bill Gross's latest thoughts.
Chuck Jaffe writes: Health or wealth? It’s your choice.
Kathleen Madigan writes: On health care, it’s the costs, stupid.
Howard Gold observes Overseas buyers seek U.S. real estate shelter.
Fund guys gather at Grimaldi to talk crisis.
State of the Markets articles include:
EU Leaders Announce Steps To Ease Crisis "Although the bar was set extremely low for the 19th EU Summit over the past two years, leaders of the Eurozone produced an agreement on steps to ease the crisis ... Read More »"
Think You Are Confused and Confounded? "We thought it mildly amusing that JPMorgan’s technical research desk chose yesterday to publish quite a bearish outlook for the S&P for the near future. You will recall we reported on Goldman Sachs’ “sell call” last week with a short-term target of 1285 on the SPX. And to tell the truth, their call, self-fulfilling or not, was not too shabby, although for now it has missed by about 25 S&P points. Yesterday, Michael Krauss, head of global technical research at JPMorgan Chase, wrote in a note to clients that the ... Read More »"
University Of Michigan Sentiment Weak
Chicago PMI Headline BTE (Beats The Estimates?), But New Orders Sag
Personal Income Up, Spending Unchanged in May
What Did We Learn?-]
EU Leaders Announce Steps To Ease Crisis
For real-time updates throughout the trading day, try State of the Markets Twitterfeed.
Another roller-coaster week.