Our ratings model takes a cautious view of domestic stocks. While the market is still up over the 12 months ended Feb. 28, the momentum is slowing. February's losses erased all the gains made in January.
You can blame it on falling home prices. You can blame it on a former Federal Reserve chairman's media-magnified comments. Or you can blame it on speculation in either Chinese stocks or the Japanese yen. The results are the same. The U.S. stock market seems to be pausing but still retains some positive aspects.
Our theoretical $10,000 portfolio of 10 exchange-traded funds illustrates this. In the period from Feb. 6 through Feb. 28, the portfolio lost 2.65%, in line with the major large-cap benchmarks. During the same period, the Dow Jones Industrial Diamonds (DIA Quote) dropped 2.98%, while the S&P 500 SPDR (SPY Quote) (SPY) fell 2.73%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.07 |
Oil *
77.25
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.72
|
10 Yr
3.21%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-2.20%
|
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