ETF Insider: Picky Bulls, Broad Bears
July 18, 2011 at 10:18 AM EDT
Wall Street continued its wild ride last week as equity indexes sank lower after a discouraging downgrade of Ireland to junk status and ongoing worries about the debt ceiling on the home front. Alcoa started the week with upbeat results and Google left investors smiling on Friday as shares soared upwards of 10% after the internet giant crushed analyst expectations. Gold emerged as the strongest performing asset class yet again; the precious metal continues to ride higher as financial markets across the globe largely remain uncertain and last week’s futures prices climbed to record highs of $1,594 an ounce. Our trade recommendations for this week include a defensive position with international exposure in the fixed-income market, while our other two picks are positioned to gain from a rally in select corners of the equity-market from across the globe. Weekly Outlook The coming week is fairly sparse with economic data on [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: XLF, XHB, FXC ETF Insider: Buying Opportunities After Panic Selling Three ETFs To Watch This Week: XLF, UUP, VIS Canada ETFs Rise On Interest Rate Hike Warning: Use Caution When Investing In Currency ETFs Of Commodity Dependent Nations