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Tuesday, July 17, 2012

ETF Trading Report: Grains, Small Cap ETFs in Focus

English: fireworks seen across the at Washingt...
English: fireworks seen across the at Washington, D.C., USA. (Photo credit: Wikipedia)
As we advance in stock tips, U.S. stocks had a choppy session to open up the week as a lack of news kept investors focused on China growth concerns and worries over Washington D.C. policies. As a result, the Dow and the Nasdaq both fell by about 0.4% while the S&P 500 slumped by 0.2% on the day. No one sector really stood out during Monday’s session, although investors did see strength in the basic materials segment and a number of pharma and utility names. Meanwhile, some consumer companies along with a number of industrial goods makers, saw weakness, while JPM led the financials lower, losing about 2.7% on the day (see Beware These Three Volatile Financial ETFs). Investors did see small inflows into the Treasury bill market as the 10 year saw yields slump by about two basis points on the session. Commodities, on the other hand, continued to rebound as strength was seen in oil (but not natural gas), while grains were solid performers once more, led by 4.0%+ moves in both the corn and the wheat markets. For ETF volume, trading levels were depressed once again across the board. Major equity products traded about half their normal volume, while investors saw similar levels in many major emerging market and commodity products as well. ... Continue to read.
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