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INVESTORS FLEE MARKETS

|Includes:FXF, FXY, GLD, IEF, IWM, QQQ, SPDR S&P 500 Trust ETF (SPY), UUP

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We’re in an “event risk” market environment. These are never easy to trade or position. I would wager many institutions and individuals are trying to find protection in whatever instrument they can find and/or are permitted to use. According to Lipper investors pulled a net $32.2 billion from mutual funds—including ETFs—for the week ended July 27. This continues the previous trend. Further investors loss of confidence in the U.S. is increasing by the moment.

 

There wasn’t an attempt at end-of-month window dressing as conditions made this futile.

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Stocks: SPY, IWM, QQQ, IEF, UUP, FXF, FXY, GLD