Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, nSSPP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Encouraged by QE(qualitative easing) II from the FED and better than expected job report, stocks made big move this week. The S&P 500 index closed this week at 1225 up 3.6%, the Dow Jones Industrial Average increased 2.93%, and the technology laden Nasdaq composite index gained 2.85% for the week.
I am in Hong Kong this week and just came back from a 2 day trip in Macau. Macau is the major gambling center in Asia. Most of the casinos in Vegas strip, like MGM, the Sand, the Venetian, ..etc, have built their casinos in Macau as well. At the luxurious brand stores in the casinos, I witnessed the purchasing power of Chinese tourists. Everyone has 3 or 4 shopping bags in their hands when they came out from the Cucci, LV, Hermes, ... stores. With China and the emerging markets gaining ground on US in economy, US government really needs to figure out how to maintain our competitive edge and remain the dominant economy force in the world.
1 comment:
I am in fully agreement with you on the landscap change between U.S. and the Emerging Markets.
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