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The above gives you a fair sampling of the action including
the past few days while I was traveling.
Now our trip is finished and I look forward to writing a complete report
on our findings.
No question about
it - a lot is taking place in the ETF space.
I’ve been waiting for a day like yesterday since, like
many of you, I’ve been bewildered by the news and market response to it.
The bullish bias has never been stronger
and major players [trading desks, hedge funds, SWFs, etc.] have never had this
much low-yielding cash to work with.
Performance anxiety is also at an acute stage.
It’s akin to racers at the
starting line watching who will jump first; when one finally does, a stampede
It seems silly and it is.
There’s still Wednesday and Thursday left before
things quiet down before the holiday weekend. Have a pleasant day.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in SPY,
SSO, MDY, UWM, TBT, TLT, IYR, UUP and XLB.