February ended the month on concerns a correction in the markets may be apon us. Exchange traded funds (ETFs) in the mid-cap arena outperformed small- and large-caps, gaining about 2% for the month. Asia was mixed with Australia and South Korea up about 4% and Hong Kong and China down 4%. Europe was basically flat except for Germany that gained 2% and Sweden which lost 2%.
Top performing sectors were oil and commodities which collectively gained 3-5%. Health care and biotechnology were down about 3% and ETFs in the housing market saw a decline around 3%.
To view the full ETF report for February, click here:Download 02-28-07ETFReport.pdf
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.