Exchange traded funds (ETFs) and the markets got off to a rocky start in 2008. Already this year, oil has managed to top $100 a barrel, gold set new records and the Federal Reserve cut rates twice. What awaits us the rest of the year?
The major indexes took a beating this month. The Dow Jones industrial average finished down 4.6%. The Nasdaq ended down 9.9%, and the S&P 500 ended down 6.1%. Precious metals were one of the strongest performers this month. Gold was up 11%, while silver was up 14.6%. Agriculture made a strong showing, too, up 12.3%.
Click here to view the full ETF performance report.
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.