Weekly ETF Rewind: Dollar Strengthens as Commodities Pull Back

|
Includes: DBA, DBC, DBE, DBP, DIA, EEM, EFA, IWM, IYR, IYT, PWB, PWV, PXMG, PXMV, PXSG, PXSV, QQQ, SPY, TLT, UUP, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: ETF Prophet

By Jeff Pietsch

In spite of some mid-week "moodiness" (US Credit Rating Questioned- Reuters) the S&P 500 (NYSEARCA:SPY) ended up a flat +0.1%.

While tracked equity indices otherwise put up a mixed board, perhaps the real story was the pullback in commodities (DBC -3.1%) on nascent US Dollar strength (UUP +0.9%).

(Click Image to Enlarge/ Glossary)
Week Fifty One of 2009 features a busier economic calendar, including an FOMC policy meeting next Tuesday:

Click to enlarge:

I hope that you had a terrific weekend.

Disclosure: Never Investment Advice: Prior Weekly Summaries

About this article:

Expand
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here