Sunday, November 29, 2009

ETF Rewind - Week 48 (11/27/09)

(Click Image to Enlarge/ Glossary)

In spite of the late week Dubai World induced rout, equities put in a mixed performance depending where you looked, and losses were well contained on balance. For instance, even as the majors finished marginally lower (SPY -0.2%), the "Safety Trade" Large-Cap Style Stocks (PWV +0.5%), Utilities (XLU +1.3%), Consumer Staples (XLP +0.1%) and Healthcare (XLH +2.0%) Sectors edged higher.

In that regard, the shift of money flow over the last month away from the riskier Small-Cap (IWM) and Emerging Market (EEM) arenas has become increasingly pronounced. With volatility reintroduced and an increasing reliance on the large internationals to carry the major indices higher, it will be curious to see whether any dollar follow-through on last week's news places a cap on equities going into the Friday job numbers.

Week Forty-Nine of 2009 features another extremely busy economic calendar:
If you are interested in a significantly more thorough version of this weekly summary, consider taking a look at Market Rewind's nightly ETF Rewind Pro service. In addition to coverage of nearly 200 ETFs across twelve major asset classes, you will find three model portfolios, daily market signals and commentary, pairs trading and various powerful portfolio management tools.

I hope that you had a very Happy Thanksgiving weekend.


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