• Italian Stocks Plummet As EU Rejects Rome's Budget Plans

    2 monthes ago - By ETF Daily News

    From Tyler Durden : Italian stocks tumbled with the FTSE MIB dropping 2.3% - the worst performer among major European markets on Monday - and hitting its lowest level since April 2017, while the country's bonds plunged to the lowest level since February 2014.
    The moves come amid what now appears to be an inevitable showdown between Italy and the EU, after the European Commission said Italy's budget plans are in breach of common rules.
    Over the weekend, the European Commission told Italy it is concerned about its budget deficit plans for the next three years since they breach what the EU...
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  • This Stock Market Indicator Is Back At 2000 And 2007 Levels

    This Stock Market Indicator Is Back At 2000 And 2007 Levels

    2 monthes ago - By ETF Daily News

    From Chris Kimble : The chart below compares the spread between the 10-year yield and the 2-year yield to the performance with the S&P 500.
    Even though this indicator is based up government bond yields, it has proven to help stock investors know when to be overweight and underweight stocks.
    When the spread was very low in 2000 & 2007 and turned up, the S&P was very near an important peak in prices.
    Joe Friday Just The Facts - The spread is near 2000 & 2007 support line (1) and is attempting to turn up of late. If the spread continues to move higher, will stocks peak again or is it...
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