Last week was turbulent one for equities as the Greek debt situation dominated headlines. The week opened up on a dismal note as the news came that a Greek referendum was in place in regards to the planned bailout package. Equities tanked for the following two days, only to recover on the Fed’s comments, or lack thereof mid-way through the week. Ben Bernanke addressed the nation on Wednesday and made no further mention on QE, prompting a massive buy as investors felt that the Fed was finally comfortable with how the economy was behaving. Thursday prompted another strong day as Greece nixed the referendum and accepted the bailout package that was originally planned. Now that the European turmoil is out of the limelight, at least for the time being, all eyes will turn to the U.S. economy, and our looming budget deficit that is far from solved [see also ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges On International Deal, VGK Slips On Profit-Taking WisdomTree Rolls Out Australian Bond ETF (AUNZ) Daily ETF Roundup: VXX Slides On Investor Optimism, UNG Soars On Cold Weather Forecast Daily ETF Roundup: FXI Jumps On Credit Plan, UNG Slumps On Mild Weather ETF Insider: Can Earnings Trump Euro Drama?
Last week was turbulent one for equities as the Greek debt situation dominated headlines. The week opened up on a dismal note as the news came that a Greek referendum was in place in regards to the planned bailout package. Equities tanked for the following two days, only to recover on the Fed’s comments, or lack thereof mid-way through the week. Ben Bernanke addressed the nation on Wednesday and made no further mention on QE, prompting a massive buy as investors felt that the Fed was finally comfortable with how the economy was behaving. Thursday prompted another strong day as Greece nixed the referendum and accepted the bailout package that was originally planned. Now that the European turmoil is out of the limelight, at least for the time being, all eyes will turn to the U.S. economy, and our looming budget deficit that is far from solved [see also ETF [...]
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