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 8/5/2012.
In a repeat from the prior week, the S&P 500 dropped four days in a row only to make up all and then some on Friday ending the past five trading days slightly to the plus side.
It was one out of two big events with a positive spin, namely the employment report that came in not great, when looking at the big picture, but better than expected. After the Fed and Draghi disappointment a couple days earlier, this one data point was sufficient to please the bulls into staging a comeback.
As I pointed out Friday, since the Fed is looking for economic weakness to justify more QE, this may have given them a new timeline to delay any planned new program. How well that will go over with Wall Street’s traders remains to be seen.
Over past week, we covered the following:
RDQ Economics: Mario Draghi Needs To Deliver On His Pledges
New ETFs On The Block: ALPS Sector Dividend Dog ETF (SDOG)
ETF/No Load Fund Tracker Newsletter For Friday, August 3, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 8/2/2012
Draghi Drags Down Major Indexes—Confirms He Is ‘All Hat And No Cattle;’ KWT Rallies, UNG Slips
7 ETF Model Portfolios You Can Use – Updated through 7/31/2012
Market Indexes Slip On Uncertainty; Will The Fed/ECB Deliver?
US Equities Stall After Two-Day Rally; UNG Bursts, KWT Fades
ETFs/Mutual Funds On The Cutline – Updated Through 7/27/2012
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