Nicholas Vardy
The Global Bull Goes to the Holy Land
Global markets continue to be locked in a trading range, consolidating their gains of the last four months. At the same time, individual stock markets are starting to show divergences in performance. The Chinese markets (mainland China, Hong Kong) continue to perform strongly, while other markets like Russia are now in a full technical correction, having dropped over 20% from their peak.
Global Stock Investor Hotline 16
Sliding global economic sentiment, receding oil prices and the approach of the second-quarter earnings season combined to extend the sell-off in global financial markets that began earlier this month. Both commodities and stocks have participated in the broad-based sell-off.
Global Bull Goes to Cash
After a strong three-month rally, global markets have pulled back in the past week or so. With negative sentiment dominating the headlines, it’s hard to believe that many of your Global Bull Market Alert positions hit their highs on June 11, just seven trading days ago.
Global Stock Investor Hotline 15
After reaching record highs last Thursday, June 11, global financial markets have corrected with some of the sharpest sell-offs since late March. Many of your Global Stock Investor positions are now as oversold as they have been since early May. But after a three-month bull run, such a correction is not only expected, but also welcome.
Global Markets Consolidate Gains
Your Global Bull Market Alert portfolio continues to perform strongly. Many of your Global Bull Market Alert positions — including the iShares MSCI BRIC Index ETF (BKF), PowerShares DB Commodity Double Long ETN (DYY), the iShares MSCI Chile Investable Market Index (ECH), and the iPath DJ AIG Copper TR Sub-Idx ETN (JJC) — hit 2009 highs last week.
Playing Games in China
Your Global Bull Market Alert portfolio continues to perform strongly. Gains on seven positions are in the double-digit percentages, with MSCI BRIC Index ETF (BKF), iShares MSCI Chile Investable Market Index (ECH), iPath DJ AIG Copper TR Sub-Idx ETN (JJC), iShares MSCI Hong Kong Index (EWH) and Mechel (MTL) showing gains of at least 20%. Your position in Mechel alone is up 42.5%, with MSCI BRIC Index ETF (BKF) not far behind with a gain of 35.5%.