This past week was a brutal one for equity markets as a wave of selling crushed sectors across the board. The benchmark S&P 500 index saw its value decline by nearly 6.5% on the week, marking one of the roughest five day stretches in recent memory. Generally speaking, this decline was thanks to investors being pretty disappointed with the Fed’s new response to the markets as many were hoping for more of a boost than the $400 billion for “Operation Twist”. Due to this lack of more stimulus from the Fed, as well as continued turmoil in Europe, many investors capitulated and headed for safer assets such as Treasury bonds instead. Yet, even traditional safe havens, such as gold and silver, saw heavy selling pressure as well; GLD finished the week lower by 9.2% and SLV was down 23.9% in the same time period. In other words, it was a pretty rough [...] Click here to read the original article on ETFdb.com. Related Posts: Van Eck Plans Small Cap Indonesia ETF Wednesday’s ETF To Watch: IQ Canada Small Cap ETF (CNDA) What Slowdown? Indonesia ETFs Hold Their Ground In Global Crisis Wednesday’s ETF To Watch: iShares MSCI Germany Index Fund (EWG) Talking Indonesia ETFs With Van Eck’s Ed Kuczma
This past week was a brutal one for equity markets as a wave of selling crushed sectors across the board. The benchmark S&P 500 index saw its value decline by nearly 6.5% on the week, marking one of the roughest five day stretches in recent memory. Generally speaking, this decline was thanks to investors being pretty disappointed with the Fed’s new response to the markets as many were hoping for more of a boost than the $400 billion for “Operation Twist”. Due to this lack of more stimulus from the Fed, as well as continued turmoil in Europe, many investors capitulated and headed for safer assets such as Treasury bonds instead. Yet, even traditional safe havens, such as gold and silver, saw heavy selling pressure as well; GLD finished the week lower by 9.2% and SLV was down 23.9% in the same time period. In other words, it was a pretty rough [...]
Click here to read the original article on ETFdb.com.
Related Posts:
