ETF Insider: Greece Flirts With Default

Wall Street posted yet another up-down week of performance as domestic equity indexes fluctuated and ultimately fell victim to serious profit taking as the final trading session drew to a close. Worse-than-expected U.S. consumer confidence coupled with a decline in personal income were concerning data releases that only added to the piling uncertainty weighting down on stocks. Gold wasn’t much of a safe haven last week as the precious metal found it hard to rise back above $1,700 an ounce, and drew lower as the week went on, managing to settle just below the $1,650 mark on Friday. We anticipate for market volatility to remain high in the coming week as investors await guidance from European lawmakers as they compromise on a plan of action to aid Greece. Weekly Outlook The coming week is fairly busy with major economic releases on the international front, including several central bank meetings taking [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Caution, Bumpy Trading Ahead ETF Insider: Does Gold Still Glitter? ETF Insider: Stay On The Sidelines ETF Insider: Be Wary Of Bargain Shopping ETF Insider: Equities Poised To Pop