In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/2/2013.
Despite this having been a Holiday shortened week, it did not lack excitement. The dip buyers actually showed up well rested on Tuesday and pushed the market higher in what could be considered a blow out phase.
It was all downhill from there, as the uncertainty about the Fed’s potential tapering of asset purchases was not digested well, which caused downside momentum to accelerate with the S&P 500 surrendering some 1.76%.
Higher yields in bonds, meaning lower bond prices, have many times in the past been the early prognosticator as to the direction of equities. We’ll have to wait and see if these increasing yields will spell the end of this aging bull market or if the dip buyers can show up in full force again to stem the tide.
Over past week, we covered the following: