This Week In ETFs: July 31st Edition

This week saw one of the worst strings of trading sessions in nearly a year as investors have grown increasingly worried that Congress will be unable to set aside their differences and come to terms on some sort of debt deal to avoid a default. If a deal is not passed soon, major credit rating agencies have threatened to kick the U.S. out of the AAA club, which could be devastating for the global economy, as we would no longer be the go to safe haven economy. Gold saw new highs this week as the metal broke through the $1,600 per ounce mark and kept right on going. Meanwhile, oil suffered a rough week as crude is now below $96 per barrel. The ETF world saw a relatively slow week as far as launches are concerned, though a number of filings stuffed into the pipeline ensured that the industry would [...] Click here to read the original article on ETFdb.com. Related Posts: May ETF Stats: Month Of Net Outflows February ETF Flows: Commodities Are Hot, Emerging Markets Are Not Commodity ETFs Get No Love From Investors For ETF Investors, The Details Matter (Part II) Inflation-Fighting ETFs Back In Focus