Big Surprise to the Upside for Major Market ETFs, But Not For Long

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[Chart courtesy of MarketWatch.com] It was a surprisingly joyous day for equity ETFs as global markets rebounded from last week’s rough patch. The S&P 500 roared back, finishing up 2.92% while in Europe, the DAX had a huge day by rising 4.60%. However, the dollar remained at $1.33/Euro. Regardless, I view today as a mere blip and that market pessimism …