Tuesday Outlook: Commodities, Emerging Markets

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You can view “monthly” charts intra-month but that could be misleading since things can change dramatically, especially in this environment. But, it’s a good change to view important market sectors from this perspective since you can step back from all the noise and short-term confusion.

This is a critical week and indexes will get pushed around as usual but the light volume we’re seeing may be tension before the important employment data to come on Friday. It’s hard to imagine that over $1 trillion in credit market losses are “priced in” to current market prices. But, after 35 years of being in the business, nothing would surprise me. Let’s see what happens.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, RWM, IWM, PSQ, IEF, USO, UDN, GLD, EFA, EEM and FXI.