Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings/
Stocks chugged along and reached two year high. The S&P 500 index closed this week at 1310 up 2.71%, the Dow Jones Industrial Average increased 2.27%, and the technology laden Nasdaq composite index gained 3.07% for the week.
Small cap, technology, and energy sectors are leading the way in the US markets, while Korea, and Taiwan maintains the top ranks in global regions. Look closely to iETF ranking table, we also noticed that the more developed countries such as Japan, Italy and Germany have come back in life in the past few weeks. However, the US domestic sectors still posses higher momentum than global regions, indicating the strength of US economy recovery. Some even said that we are no longer in the recovery phase but in the economy expansion phase.
No comments:
Post a Comment