The past week was yet another choppy one in the markets as European events continued to dominate headlines. Generally speaking, however, it was a pretty solid period for broad stocks as the S&P 500 added nearly 6% in the time period, helping to reverse much of the recent losses in the market. This sharp turnaround was largely due to speculation over an expanded EFSF and hopes that the continent’s two largest economies, Germany and France, would be able to cobble together a plan that would crush default fears once and for all. Additionally, investors also breathed a sign of relief over the situation in China as well. The country appears to be deploying at least part of its vast reserves in order to help ease the blow of tightening policies, suggesting that a hard landing might not be ahead for China after all, increasing investor sentiment in the process. This [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Invest Like David Tepper ETF Winners And Losers From First Week Of Earnings Season Three ETFs To Watch This Week: EWZ, SMH, IYG Thursday’s ETF Chart To Watch: Dow Jones U.S. Financial Services Index Fund (IYG) ETF Shakeup: HOLDRS Headed For Extinction, ELEMENTS To Follow?
The past week was yet another choppy one in the markets as European events continued to dominate headlines. Generally speaking, however, it was a pretty solid period for broad stocks as the S&P 500 added nearly 6% in the time period, helping to reverse much of the recent losses in the market. This sharp turnaround was largely due to speculation over an expanded EFSF and hopes that the continent’s two largest economies, Germany and France, would be able to cobble together a plan that would crush default fears once and for all. Additionally, investors also breathed a sign of relief over the situation in China as well. The country appears to be deploying at least part of its vast reserves in order to help ease the blow of tightening policies, suggesting that a hard landing might not be ahead for China after all, increasing investor sentiment in the process. This [...]
Click here to read the original article on ETFdb.com.
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