Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows

Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: In the latest news, the European Commission … Read more

Spain’s Turn to Bring A Frown to Markets

The stock market has already started cooling off from overbought conditions, but the weakening euro, increasing bond yields, and widening spreads have markets on edge yet again. After listening to a Planet Money segment on the financial problems in Spain called “A Theme Park, An Airport And The Next Banking Crisis” by Chana Joffe-Walt, I … Read more