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| (Click Image to Enlarge/ ETF Rewind Glossary) |
In spite of a several day pullback surrounding a slow growth Federal Open Market Committee forecast, the board finished widely green for the week, with the S&P 500 (SPY) higher once again by +2.1%, making that four straight up weeks in a row. In fact, only the US Dollar (UUP) finished lower among the tracked securities on the prospects of further monetary easing, down -2.7%.
All in all, it was a curious performance with the contrast of the Fed’s growth concerns set against a stock market that has been characterized by an increasingly improved technical state — has the prospect of further easing placed a virtual put under the market going into the last quarter? Third-Quarter earnings are only two weeks away — we will see soon enough.
Meanwhile, week Thirty-Nine of 2010 kicks off a new month and a new quarter with a very busy economic reporting calendar, as follows:
- U.S. Economic Calendar
- U.S. Earnings Calendar
- Historical Market Analogues
- ETF Rotation Models [Custom]
I hope you are having a terrific weekend!
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If you are interested in a significantly more thorough version of this weekly summary, consider taking a look at Market Rewind’s nightly ETF Rewind Pro service. In addition to coverage of over 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading, rotation modeling, and various powerful portfolio management tools.
Never Investment Advice: Prior Weekly Summaries
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