September 14, 2007 at 11:00 am by Tom Lydon
Have you noticed a possible correlation to the slowing of the economy and the rise of commodity and exchange traded funds (ETFs)?
It’s an interesting point that Dave Fry for ETF Digest makes, and as we dig a little deeper, seems to have some validity. Gold and futures-based oil ETFs have hit record highs lately. The Oil Services HOLDRs (OIH) has been doing well too. Let’s do a quick rundown to see how some of these ETFs are doing year-to-date compared to SPY, which is up 6%:
