ETF Insider: France Downgrade Erodes Confidence
Equities inched higher throughout the week, bolstered by positive economic data release on the home front coupled with encouraging developments in the debt burdened Euro zone. Euphoria spread throughout Wall Street as investors digested better-than-expected consumer credit data along with optimistic forward looking commentary released by the Fed in the latest Beige Book report. Investors overseas were cheerful as well as borrowing costs dropped after successful Spanish and Italian debt auctions. However, much of the gains on the week evaporated on Friday as investors gave into selling pressures following the downgrade of France’s credit rating and worse-than-expected earnings results from J.P. Morgan. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance FXB Long -0.9% DBC Short 1.2% XLI Long 2.3% Our picks from Monday’s Insider posted a fairly strong performance this past week, with two of our recommendations turning solid gains, while our third position incurred a [...] Click here to read the original article on ETFdb.com. Related Posts: First Small Cap Singapore ETF Debuts Direxion Launches Three Volatility Response ETFs ETF Insider: Beware Of Lingering Euro Fears ProShares Rolls Out First Inflation Breakeven ETFs (RINF, FINF) ETF Insider: Bullish On Equities
Equities inched higher throughout the week, bolstered by positive economic data release on the home front coupled with encouraging developments in the debt burdened Euro zone. Euphoria spread throughout Wall Street as investors digested better-than-expected consumer credit data along with optimistic forward looking commentary released by the Fed in the latest Beige Book report. Investors overseas were cheerful as well as borrowing costs dropped after successful Spanish and Italian debt auctions. However, much of the gains on the week evaporated on Friday as investors gave into selling pressures following the downgrade of France’s credit rating and worse-than-expected earnings results from J.P. Morgan. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance FXB Long -0.9% DBC Short 1.2% XLI Long 2.3% Our picks from Monday’s Insider posted a fairly strong performance this past week, with two of our recommendations turning solid gains, while our third position incurred a [...]

Click here to read the original article on ETFdb.com.

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