Investors imbued with caution
Caution last week crept back into investors’ vocabulary for the first time in more than three months as they faced up to President Barack Obama’s plan to reform the US financial market regulations, weighed the prospects of a global economic recovery and whether the “green shoots” needed more monetary water, and also started pondering the second-quarter earnings season.
As risk-taking moderated, profit-taking on equities and commodities set in after a colossal advance since early March. Government bonds rallied further, high-yield corporate bonds met selling pressure, spreads on credit derivative indices widened, and the US dollar marked time.
Read more about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly “Words from the Wise” review.
- Traders Unscripted: Ashraf Laidi in "Meet the Masters" Series
- AfraidToTrade.com's Corey Rosenbloom Webcast: Inter-Market Relationships - Stocks, Bonds, Rates, Currency, Commodities
- FINZ Futures EP.6: What are Tick Charts and Why Use Them?
- Chart Attack Ep. 2: Long Father's Day, WFC, RIG, AA, VNO, & Tony Soprano
- Market Technical Analysis - Awaiting The Fed as Finanicals Rally - 03/18/09

