After closing one of the better weeks in recent memory, investors were content to see most major asset classes finish out the week in the black. As October comes to a close and we enter the Halloween weekend, the outlook on the overall economy is anything but scary. In fact, with a stunning GDP growth, renewed E.U. debt deal, and rallying markets, it appears that our economy may be showing initial signs of getting itself back on track; hopefully this isn’t the costume that major equities chose for this season. Oil finished out the week at $93.50/barrel, marking a massive increase from its Monday open of roughly $88/barrel. Gold also saw a healthy increase this week as the elusive metal appreciated by nearly 100$/oz [see also ETF Insider: Two Steps Forward, One Step Back]. Markets fell relatively flat today, with the S&P gaining half a point and the Dow jumping [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Slides On EIA Data, VGK Jumps On Liquidity Infusion Daily ETF Roundup: VGK Sinks On Italian Woes, UNG Rises On Rig Count Drop Daily ETF Roundup: VGK Sinks On Euro’s Woes, UNG Soars On Weather Forecast Daily ETF Roundup: VGK Tumbles, UNG Continues Surge Daily ETF Roundup: UNG Slides, VGK Soars
After closing one of the better weeks in recent memory, investors were content to see most major asset classes finish out the week in the black. As October comes to a close and we enter the Halloween weekend, the outlook on the overall economy is anything but scary. In fact, with a stunning GDP growth, renewed E.U. debt deal, and rallying markets, it appears that our economy may be showing initial signs of getting itself back on track; hopefully this isn’t the costume that major equities chose for this season. Oil finished out the week at $93.50/barrel, marking a massive increase from its Monday open of roughly $88/barrel. Gold also saw a healthy increase this week as the elusive metal appreciated by nearly 100$/oz [see also ETF Insider: Two Steps Forward, One Step Back]. Markets fell relatively flat today, with the S&P gaining half a point and the Dow jumping [...]
Click here to read the original article on ETFdb.com.
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