Daily Data Flow: Fed Fuels Rise in Stocks; Surprising Oil and Gas Boom; Italy Election Still Dragging Euro

Daily Data Flow

Fed Fuels Rise in Stocks (Bloomberg)
The Dow Jones Industrial Average closed today at its highest point since 2007, as investors were encouraged by the prospects of the Federal Reserve continuing its stimulus measures. This was enough to overcome worries about spending cuts and China. “Excluding this quarter, which will be impacted by the sequester, the economy probably strengthens as the year goes on,” said Michael Mullaney, chief investment officer at Boston-based Fiduciary Trust Co. “The Fed is going to be our friend for an extended period of time, and as the old adage goes, don’t fight the Fed.”

Oil and Gas Boom Surprising (CNBC)
With oil production in the United States at a 20-year high and demand at a 17-year low, even industry insiders have been caught by surprise. “The view I have is the U.S. will be a lot less dependent with Canada. That will really reduce imports, combined with more fuel-efficient cars, from outside North America. We’ll still be importing some, but it’s certainly a re-balancing of global oil. That oil that was coming to the United States will go somewhere else and that somewhere else would be Asia,” said Daniel Yergin, vice chairman of IHS. “The other place where oil demand is really growing happens to be the Middle East.”

Italian Elections Still Impacting Euro (Reuters)
The euro continued to fall against both the dollar and the yen today, as investors still were concerned about the uncertainty posed by the recent Italian elections, as well as expectations that the European Central Bank will cut interest rates sooner than predicted. “The euro continues to be firmly out of favor, as has been the case since the outcome of the Italian parliamentary election last month,” said Samarjit Shankar, director of market strategy at BNY Mellon on Boston. “That rekindled yet another bout of investor concerns due to the political uncertainty in the country in particular and the commitment of euro zone policy makers to austerity in general.”

Exclusive  Book 57% Gains in Emerging Markets

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

It was a flat week for U.S. and global stock markets, as the Dow Jones rose 0.64% and the S&P 500 was up 0.17%. The MCSI Emerging Markets Index ended the week essentially even. Last week's Bull Market Alert recommendation, Northern Tier Energy Trust LP (NTI), gained 3.32% for its first week in the portfolio. Otherwise, it was a “risk off” week for your bets on European banks, all of which pulled back. Look for Qihoo 360 Technology (QIHU) earnin

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

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:

Product Details

LEARN MORE HERE

Bob Carlson

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.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

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:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE