Europe Flares As Summer Heat Continues
Summer heat covers the nation as Europe's debt crisis flares again. Last weeks economic reports brought spots of sunshine to the housing market with the NAHB Home Builder Index rising, along with a strong June Housing Starts report.Equity markets were rallying most of the week in response to relatively positive earnings reports and hopes for more easing by Dr. Bernanke and the Federal Reserve.
We Are All Alone
Global markets seem to be pricing in a new round of quantitative easing from the Federal Reserve. Dr. Bernanke and his colleagues will likely comply sometime between now and December. However, even with more quantitative easing, investors cant count on the Federal Reserve to rescue the stock market and their portfolios. We are on our own, and here's why.
Stocks, ETFs Send Mixed Messages
Major U.S. stock indexes and ETFs send mixed messages with difficult week ending in Friday rally. U.S. stock markets had been in steady decline until Fridays unexpected rally brought the S&P 500 (NYSEARCA:SPY) into slightly positive territory for the week.