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By Jeff Pietsch

(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 (NYSEARCA:SPY) higher once again by +2.1%, making that four straight up weeks in a row. In fact, only the US Dollar (NYSEARCA: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:

Click to enlarge:

I hope you had a terrific weekend!

Disclaimer: Never Investment Advice

Source: Weekly ETF Rewind: QE2 Prospects a Virtual Put Under the Market?