In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 6/10/2012.
Wishful thinking and continued hope that the Europeans will finally get their act together, and rescue Spain from its severe predicament, supported market momentum as the recent slide turned into a Viagra move off the lows.
Whether this snap-back will simply turn out to be another dead cat bounce is too early to tell, as next week’s Greek elections and the Spanish financial audits will sure play a role in future market direction.
Looking at the big picture, my guess is at this time that the financial implications of a Spain bailout are too severe in terms of magnitude, especially when considering that Italy is waiting on deck. While there may be some initial euphoria about a potential solution, I think any market bounce will be of short duration.
This week, we covered the following:
New ETFs On The Block: The BNP Paribas STREAM S&P Dynamic Roll Global Commodities Fund (BNPC)
ETF/No Load Fund Tracker Newsletter For Friday, June 8, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 6/7/2012
US Stocks End Lower As Major Market ETFs Lose Six Percent In May; TLT Rises, USO Dips
US Stocks Post Biggest Gain Of 2012 On Stimulus Hopes; EPI Pops, VIXY Sinks
7 ETF Model Portfolios You Can Use – Updated through 6/5/2012
Major Market ETFs Rise On Upbeat Services Number; ITB Gains, VXX Dips
US Equities Maintain Negative Bias; EWP Pole Vaults, KWT Crashes
ETFs/Mutual Funds On The Cutline – Updated Through 6/1/2012
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