This year started off strong, as it looked like the economic recovery was finally gaining some steam. Major indexes trended upwards for the first seven months of the year, with the S&P 500 hitting 1,370 at its peak. It marked good progress as we exited the “Lost Decade” where most indexes finished where they were back in 2000, marking a ten year drought of little to no returns. But just when it seemed like we finally found our footing, a number of factors combined to create the perfect storm for equities, slaughtering a variety of investments and benchmarks [see also Three ETFs For ‘Operation Twist’]. First, markets took a hit when Congress nearly failed to extend the debt ceiling, which would have essentially frozen government spending. Though the legislation was finally passed, investor confidence was rattled as it seemed that Washington was more concerned about politics than the well-being of [...] Click here to read the original article on ETFdb.com. Related Posts: Beyond SPY: Nine Alternatives To S&P 500 ETFs ETF Exclusive: Guggenheim Partners Buys Rydex Report: Guggenheim To Rebrand Rydex ETFs Rydex Rolls Out Mid Cap, Small Cap Equal Weight ETFs Three Intriguing Alternatives To Popular ETFs (SPY, XLF, FXI)
This year started off strong, as it looked like the economic recovery was finally gaining some steam. Major indexes trended upwards for the first seven months of the year, with the S&P 500 hitting 1,370 at its peak. It marked good progress as we exited the “Lost Decade” where most indexes finished where they were back in 2000, marking a ten year drought of little to no returns. But just when it seemed like we finally found our footing, a number of factors combined to create the perfect storm for equities, slaughtering a variety of investments and benchmarks [see also Three ETFs For ‘Operation Twist’]. First, markets took a hit when Congress nearly failed to extend the debt ceiling, which would have essentially frozen government spending. Though the legislation was finally passed, investor confidence was rattled as it seemed that Washington was more concerned about politics than the well-being of [...]
Click here to read the original article on ETFdb.com.
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