Daily Data Flow: Stocks Slip on Europe Concerns; More Housing on Market; Euro Struggling

Daily Data Flow

Stocks Slip on Europe Concerns (Bloomberg)
After a brief rise yesterday, U.S. stocks today fell, as concerns about Europe and its debt crisis continued to weigh on the minds of investors. “There’s going to be on-again, off-again, troublesome news out of Europe and occasionally it’s going to cause the market some disruption,” Bruce Bittles, chief investment strategist at Milwaukee-based RW Baird & Co., said. “The U.S. economy can do somewhat better, but it will probably be in a slow growth mode for most of 2013. That’s how it’s been over the last four years and the market has done quite well in that environment.”

More Housing on Market (CNBC)
The number of homes for sale is rising for the first time in half a year. “Tight inventory has been a critical issue for the housing market: The limited supply of homes has fueled bidding wars and has meant that buyers have little to choose from and agents have little to sell,” said Trulia.com’s Jed Kolko. “Inventory has been tightening because construction levels are still low, adding little new housing stock, and homeowners are waiting to sell until they have more positive equity. This inventory spiral been especially severe since prices bottomed.”

Euro Struggling (Reuters)
The aforementioned euro zone debt crisis, exemplified most recently by the Cyprus bank ordeal, has been hurting that continental currency, the euro. “The uncertain situation in Cyprus and the dour euro zone economic data are the key issues here and these are two reasons not to be buying the euro at this time,” said Greg Moore, currency strategist at TD Securities in Toronto.

Exclusive  This Fund is All About ‘Pure’ Value

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

"The United States was lucky to have George Washington as a founding father, because he had that same civic virtue, and of course he had read about and admired Cincinnatus." -- Arnold Schwarzenegger Last week, I drove my car from Florida to New York, and on the way, I listened to the audiobook, "Total Recall: My Unbelievably True Life Story," by Arnold Schwarzenegger. He reads only the first chapter; the rest is read by Stephen Lang. I thoroughly enjoyed the book, especially how a poor Austr

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