May brought new highs to many of the indexes and exchange traded funds (ETFs).  Domestically, indexes were up about 3% for the month.  The Dow finished above 13,600.   

Global markets also received a push up, as Latin America gained an average of 12%; Asian countries were not far behind as China and Singapore rose 7-9%.  Canada had 9% gains, while Europe was more in-line with domestic indexes, up about 3%.

Telecom and internet infrastructure were the leading sectors, up over 9%. 

To view the full report for May, click here: Download 05-31-07ETFReport.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.