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ETF Insider: Will The Supercommittee Surprise?

By: ETFdb
Resurfacing Italian debt woes paved the way for persistent volatility in the markets last week, further deteriorating the economic outlook of the financially fragile currency bloc. Selling pressures overwhelmed the bulls on Wall Street, despite a host of better-than-expected economic data releases on the home front, including surprisingly strong retail sales, new home starts, industrial production, as well as a drop in jobless claims. The media spotlight will likely remain fixated on the debt burdened Euro zone, while investors will also pay attention to the supercommittee in D.C., which is faced with devising a comprehensive “savings plan”. Gold failed to take on safe haven appeal all of last week as the precious metal was highly correlated with broad equity markets, settling lower for the week around $1,720 an ounce. Weekly Outlook The coming week will see a host economic data releases on the home front, while investors on Wall Street [...] Click here to read the original article on ETFdb.com. Related Posts: Europe ETFs: All Over The Board ETF Insider: Greece Flirts With Default ETF Insider: Stay On The Sidelines ETF Insider: Buying Opportunities After Panic Selling World Cup Of ETFs: Plays On All 32 Countries
Resurfacing Italian debt woes paved the way for persistent volatility in the markets last week, further deteriorating the economic outlook of the financially fragile currency bloc. Selling pressures overwhelmed the bulls on Wall Street, despite a host of better-than-expected economic data releases on the home front, including surprisingly strong retail sales, new home starts, industrial production, as well as a drop in jobless claims. The media spotlight will likely remain fixated on the debt burdened Euro zone, while investors will also pay attention to the supercommittee in D.C., which is faced with devising a comprehensive “savings plan”. Gold failed to take on safe haven appeal all of last week as the precious metal was highly correlated with broad equity markets, settling lower for the week around $1,720 an ounce. Weekly Outlook The coming week will see a host economic data releases on the home front, while investors on Wall Street [...]

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

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