ETF Periscope: Emperor’s New Clothes, Wall St. Edition

“Apparently there is nothing that cannot happen today.” --  Mark Twain

The U.S. equity market has just come off one of its worst weeks since March of 2008. It ended the week at a level lower than it found itself way back in January of this year, while giving serious indications that it may continue to head south.

Not to worry, though.

daniel / Tag: DJIA, ETF, GDP, IAT, ISM, IYZ, SPX / 0 Comments

Though the Federal government avoided a debt default with an eleventh hour deal for raising the debt ceiling, investors are apparently unimpressed—especially given the uninspiring economic reports. This week, the Commerce Department reported that personal spending in June fell for the first time in two years. This was coupled with the weak ISM manufacturing report and last Friday’s weak GDP report.

smartindale / Tag: AAPL, ETF, GGAL, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, KEYN, linkedin, long/short, SBNY, sector-rotation, sectors / 0 Comments

Needless to say, the Federal debt ceiling issue is now dominating the news wires, and although investors have so far been confident that some deal would be reached, the late hour is starting to spook some. After being given a glimmer of hope last week, we learned after last Friday’s close that the debt debates had fallen apart, leaving investors squirming about what this critical week ahead of us would bring.

smartindale / Tag: BIDU, BRCM, ETF, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, linkedin, long/short, ROC, sector-rotation, sectors, VALE / 0 Comments

As the market has shown renewed strength, Technology and Energy have been leaders. Apple (AAPL) gave a stellar earnings report and hit another record high. IBM (IBM) also chipped in this week with a great report. However, Yahoo!

smartindale / Tag: AAPL, AUY, CRUS, ETF, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, linkedin, long/short, ROC, sector-rotation, sectors / 0 Comments

ETF Periscope: Oil Speculators Get Spanked. Or Did They?

by Daniel Sckolnik of ETF Persicope

“It is better to travel well than to arrive.” -- Buddha

Watching crude oil take a serious plunge this week gave motorists a reason to cheer, but left oil traders with a strong, queasy feeling.

Well, at least some of them.

daniel / Tag: Crude Oil, DJIA, ETF, FXU, IAT, IEA, IYM, IYZ, NYMEX, RGI, RTL, S&P 500 Index, SPX, Strategic Petroleum Reserve, XLK, XLU / 0 Comments

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