Wednesday Outlook: Commodities, Emerging Markets

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 |  Includes: DBA, DBB, DBC, EEM, EFA, EWZ, FXI, GLD, IFN, ILF, MOO, RSX, SLX, USO, XLB, XLE
by: David Fry
<< Return to page 1 - The Bad News Is the Good News
















































Good earnings growth is still primary to investors. With earnings this season moving along better than expected, investors feel pretty good about things overall. They isolate oil as a speculative one-off event, financials have bottomed and housing woes aren’t a big deal overall.

To bears all this is selective spin. But, the tape is the reality and that’s the bottom line.

There will be no post tomorrow as I’ll be giving a talk in the early evening while in Boston and then we travel Thursday to Chicago arriving in the evening.

Have a pleasant day.

Disclaimer: The ETF Digest maintains positions in TLT, TBT, XLE, MOO, XLB and ILF.