Wednesday Outlook: Commodities, Emerging Markets

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 |  Includes: DBA, DBB, DBC, DBS, EEM, EFA, EWZ, FSLR, FXI, GLD, IFN, ILF, MOO, PBW, RSX, SLX, UNG, USO, XLB, XLE
by: David Fry
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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 follows. 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.