Monday, June 30, 2014
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, June 27, the S&P 500 closed @ 1961, and that was...
+8.3% ABOVE its 12-Month moving average which stood @ 1811.
+7.0% ABOVE its 40-Week moving average which stood @ 1833.
+2.2% ABOVE its 10-Week moving average which stood @ 1918.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
Friday, June 27, 2014
Wednesday, June 25, 2014
Monday, June 23, 2014
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, June 20, the S&P 500 closed @ 1963, and that was...
+8.4% ABOVE its 12-Month moving average which stood @ 1811.
+7.4% ABOVE its 40-Week moving average which stood @ 1827.
+3.1% ABOVE its 10-Week moving average which stood @ 1904.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
Friday, June 20, 2014
Upward Sloping Treasury Yield Curve is a Bullish Omen for the Stock Market & the U.S. Economy
Recessions rarely occur when the yield curve is sloping upward.
Wednesday, June 18, 2014
Monday, June 16, 2014
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, June 13, the S&P 500 closed @ 1936, and that was...
+7.1% ABOVE its 12-Month moving average which stood @ 1807.
+6.4% ABOVE its 40-Week moving average which stood @ 1820.
+2.5% ABOVE its 10-Week moving average which stood @ 1889.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
Friday, June 13, 2014
Wednesday, June 11, 2014
Monday, June 9, 2014
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, June 6, the S&P 500 closed @ 1949, and that was...
+7.8% ABOVE its 12-Month moving average which stood @ 1809.
+7.5% ABOVE its 40-Week moving average which stood @ 1813.
+3.6% ABOVE its 10-Week moving average which stood @ 1882.
Therefore, the INTERMEDIATE-Term trend is BULLISH
and the LONG-Term trend is UP.
Friday, June 6, 2014
Unprecedented!!! European Central Charges Negative Interest Rate!
The European Central Bank has taken the unprecedented step of taking interest rates into negative territory.
Yesterday, ECB President Mario Draghi unveiled the central bank's decision to take its deposit rate into negative territory, to -0.10%.
This is the first time a major central bank has cut any interest rate below zero.
The rate cut means that any bank reserves held at the ECB will be charged 10 basis points, or 0.10%, for being hoarded rather than used for some form of investment.
The idea is that if banks are penalized for parking their reserves at the ECB, they will be more apt to lend out that money, hopefully spurring economic activity.
Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics, noted that in his press conference following the ECB's announcement, Draghi signaled that markets should not expect further rate cuts.
Vistesen said, "The drag on the banking industry's earnings should be minimal given the current relatively low usage of the central bank's deposit facility."
The direct effect of a negative deposit rate may be muted, but the idea that savers can be penalized for holding money in a bank is new territory for the financial industry.
Wednesday, June 4, 2014
What Does It Mean to Be "Rich" in America?
The vast majority of investors, 84%, associate wealth with greater security, but older investors are more likely to view security has a hallmark of being rich.
More than 87% percent of investors ages 61 and over associate wealth with security, compared to 72% of investors 40 and under.
Younger investors are more apt to associate “More Happiness,” “More Fun” and “Less Work” with being wealthy, while older investors are more likely to feel the wealthy have more responsibility and a more complicated life.
Americans tend to define “Rich” primarily by wealth level, as opposed to lifestyle or income, while less affluent investors, those with less than $100,000 in investable assets, are more apt than higher net worth individuals to define the wealthy by income and lifestyle.
Monday, June 2, 2014
Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis
On Friday, May 30, the S&P 500 closed @ 1924, and that was...
+7.9% ABOVE its 12-Month moving average which stood @ 1783.
+6.6% ABOVE its 40-Week moving average which stood @ 1804.
+2.7% ABOVE its 10-Week moving average which stood @ 1873.
Therefore, the INTERMEDIATE-Term trend is NEUTRAL
and the LONG-Term trend is UP.
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