Nicholas Vardy
Betting on the #1 Market of 2010
Global markets continued to record gains last week with the MSCI Emerging Markets Index gaining 5%.
Global Stock Investor Hotline 58
For all of the handwringing about the direction of markets, the truth is that markets are stuck in a relatively narrow trading range. As a result, most of your current Global Stock Investor picks barely budged this week.
Global Bull Bets on a Pullback in Global Markets
After almost two weeks of gains, the U.S. market corrected in dramatic fashion on Friday. The Dow fell 2.5%, the S&P 500 dropped 2.9%, and the Nasdaq pulled back by 3.1% on high volumes. Global markets followed suit, and Asian markets are off sharply in overnight trading.
Betting on the “Bad Boy of Latin America”
Global stock markets traded up last week on improving sentiment and news that China’s exports rose 35% in June. Although investment sentiment has improved over the last few trading days, it’s important to recall that the major stock market indices continue to trade below their critical 200-day moving averages. Overall, I remain cautious about the sustainability of any rally.
Global Stock Investor Hotline 57
This past week was a solid one for global stock markets, with the MSCI Emerging Markets Index rising 2.35% and the MSCI EAFE Index markets rising 3.3%. That said, both of these broad measures of global stocks still are trading well below their 200-day moving averages, so the general trend still is negative.
Locking in Double-Digit Percentage Gains on Your Bet against the Euro
Last week marked a sharp reversal in the trends of some of your bets in your Global Bull Market Alert portfolio. A slew of disappointing U.S. economic data, as well as a successful $4.3-billion bond auction in Spain, ignited a euro rally and dollar sell-off even as gold prices plummeted almost 3%.