By: ETFdb
ETF Insider: Debt Doomsday Approaches
This past week was filled with more of the same for investors; abundant volatility across equities coupled with feelings of uncertainty regarding the financial well-being of the United States. Lawmakers in Washington are keeping investors on the edge of their seat (putting the pressure on equities) as the debt-ceiling deadline approaches, and several rating agencies sparked some panic-selling in the markets after warning the government that the U.S. may stand to loose its highly-prized AAA credit rating. Lastly, a worse-than-expected GDP report on Friday pushed domestic equities downhill, although many stocks did manage to climb higher throughout the day and recover some lost ground. Against this gloomy backdrop, nearly all of the model ETF portfolios were in red territory for the week, and the actionable ETF ideas delivered less than ideal returns. Actionable ETF Trade Ideas Our picks from Monday’s Insider were not nearly as profitable as last week’s recommendations. The [...] Click here to read the original article on Related Posts: ETF Insider: Default Fears Destabilize Markets ETF Insider: Bullish On Equities Three ETFs To Watch This Week: FXE, EWJ, EXI Three ETFs That Could Be Crushed By Housing Double Dip Three ETFs To Watch This Week: BRF, FXE, ENZL
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