ETF Insider: Markets In Limbo

Equity markets were dangerously volatile last week, extending the ongoing theme of “uncertainty” for yet another week. Domestic equity indexes are largely stuck in “no man’s land”, and until there is some consistent price action above key support levels (above 1,200 for S&P 500), we recommend for most investors to stay on the sidelines. Even gold fell victim to volatility, as the precious metal shed more than $200 over the course of three days, managing to bounce higher on Thursday, and close back above $1,800 an ounce on Friday. Weekly Outlook The coming week is fairly stacked with a string of economic reports both at home and overseas. On the the home front, investors will digest through consumer spending and confidence data in the early part of the week, while the unemployment report on Friday will certainly be a focal point for many. On the international front, China manufacturing along [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Buying Opportunities After Panic Selling Three ETFs To Watch This Week: EWC, PIC, GERJ NSX Data: VWO Leads All ETFs In YTD Inflows ETF Insider: Weak Dollar Creates Opportunities March ETF Stats: Another Solid Quarter