Our bearish suspicions proved incorrect last week as bullish euphoria on Wall Street was bolstered by a string of better-than-expected economic reports. On the home front, construction spending, motor vehicles sales, and jobless claims all beat analyst expectations. The big story was Friday’s employment report, which tipped stocks higher to close out the week after the unemployment rate dipped to 8.3% from 8.5%. Greek debt negotiations have also been moving along and investors appear to be regaining a bit of the confidence in the beat down currency bloc. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance EEM Short -3.6% ZROZ Long -4.8% FXA Short -1.6% Our picks from Monday’s Insider posted a dismal performance this past week as our defensive calls didn’t hold too well amidst the euphoria. Below, we highlight how our trade ideas fared during the week [sign up for a free trial [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears Are Lurking Around The Corner Ten Unexpected Observations On YTD ETF Returns ETF Insider: Bulls Look To Sustain Momentum For ETF Investors, Currency Exposure Matters (More Than You Might Think) ETF Insider: Bears Still In Charge
Our bearish suspicions proved incorrect last week as bullish euphoria on Wall Street was bolstered by a string of better-than-expected economic reports. On the home front, construction spending, motor vehicles sales, and jobless claims all beat analyst expectations. The big story was Friday’s employment report, which tipped stocks higher to close out the week after the unemployment rate dipped to 8.3% from 8.5%. Greek debt negotiations have also been moving along and investors appear to be regaining a bit of the confidence in the beat down currency bloc. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance EEM Short -3.6% ZROZ Long -4.8% FXA Short -1.6% Our picks from Monday’s Insider posted a dismal performance this past week as our defensive calls didn’t hold too well amidst the euphoria. Below, we highlight how our trade ideas fared during the week [sign up for a free trial [...]
Click here to read the original article on ETFdb.com.
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