ETF Insider: Wall Street Welcomes New Highs

Equity markets ended the week in positive territory although price action was rather uneventful considering news of the Greek bailout along with several encouraging data releases on the home front. Despite positive developments in the Euro zone, gold prices jumped ahead of stocks in terms of weekly performance, showcasing that investors are not entirely convinced that the proposed bailout will fully remedy the debt situation overseas. Wall Street ended the week on a high note after consumer sentiment came in better-than-expected, helping to boost investors’ confidence on the final trading day of the week. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance CORN Long -0.6% KOL Long -0.2% FXB Short -0.6% Our picks from Monday’s Insider posted a lackluster performance this past week as our trade recommendations drifted sideways, failing to build up the momentum that we had anticipated. Below, we highlight how our trade ideas [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Progress In Greece Will Tip Markets ETF Insider: Is Euro Zone Optimism Here To Stay? ETF Insider: Will Euro Woes Rain On The Bull’s Parade? ETF Insider: Euro Woes Weigh On Earnings ETF Insider: France Downgrade Erodes Confidence