View Full Version : Fed Helps Push Stock Markets Higher
In last Fridays Weekly ETF Report, we told you that the S&P 500 Index had just breached the all-important 200-day moving average. That is usually a very bullish pivot point for stocks, and that is exactly what we witnessed this week.
The chart here of the S&P 500 SPDR (SPY), the ETF pegged to the benchmark index, shows the gains of late. As you can see, the markets have come back fast and furiously from their mid-February lows, vaulting past the 50-day moving average in late January, and then the 200-day moving average last week.
Amazingly, the S&P 500 now is back into positive territory for the year. After the start we had to 2016, that is a feat of resilience that not many would have predicted.
The run since late February in EEM has been an even bigger surprise than the run higher in SPY. One reason why is that emerging market stocks are on the move due to a falling U.S. dollar, something the Federal Reserve is successfully engineering
Now, this week, the gains in domestic stocks have brought about a change in disposition in our Successful ETF Investing advisory service.
In fact, in a few hours we will be telling subscribers what that change is, and how to take advantage of it whether you are a growth investor or an income investor.
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.