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 7/1/2012.
Sharp losses early in the week were made up during last trading day of the month as the EU summit produced some agreement to help out Italian and French banks via a direct lending scheme.
Given the fact that these types of summits have in the past produced nothing of substance, any hopeful announcement turned out to be better than nothing and that provided sufficient ammunition to ramp the markets higher into a strong month end close.
As I posted a few days ago, I doubt that this euphoria will last for more than a few days as the devil is the details, which have not been worked out or agreed upon yet. These days, it does not take much more than an attention grabbing headline out of Europe to get the bulls excited; usually such response ends up being ephemeral in nature.
This week, we covered the following:
Economist: Onus On ECB To Bring Down Borrowing Costs For Spain And Italy
New ETFs On The Block: State Street’s Crossover Corporate Bond ETF (XOVR)
ETF/No Load Fund Tracker Newsletter For Friday, June 29, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 6/28/2012
US Equities Edge Higher In Late Trading On EU Hope; XHS Rises, SLV Tumbles
7 ETF Model Portfolios You Can Use – Updated through 6/26/2012
US Stocks Inch Up On Europe, Housing Data; DBA Pops, VIXY Slips
Equities Slide Ahead Of Key Brussels Meeting; EGPT Soars, GREK Sinks
ETFs/Mutual Funds On The Cutline – Updated Through 6/22/2012
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