Mario Draghi, president of the European Union’s (EU) central bank, is calling for an interest-rate cut to help bolster Europe’s sagging recovery. Analysts’ estimates for European Union GDP growth in Q3 show just a 0.1 percent increase. Specifically, German economic growth is expected to slow, French growth has stalled and Italian economy growth is non-existent as the country is still mired in “an unprecedented slump.” Although there are a few bright spots in the EU — Spain comes to mind — the overall picture, according to Draghi, requires the European banking community to take action and to reduce rates. Should that happen, the easy-money train will only gather momentum… and the markets will continue to hum along on artificial stimulus.
Last week was a positive one for U.S. markets with the Dow Jones up 0.94% and the S&P 500 climbing 0.51%. Global markets, however, continued their recent pullback, with the MCSI Emerging Markets Index down 3.10%.
Big gainers in your Bull Market Alert portfolio included WellPoint, Inc. (WLP), which jumped 2.25%, and Trina Solar Limited (TSL), which gained 2.61%. Wellpoint also rose back above its 50-day moving average and is now back to a BUY.
You were stopped out of tw
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: