“The Beige Book indicated that the economic condition was better than what was priced in with the weak payrolls data, and that removed some of the premium based on an imminent Fed action,” said Frank McGhee at Integrated Brokerage Services in a Reuters report.
The top three unleveraged ETFs this week were iShares MSCI Spain (EWP), iShares MSCI Poland (EPOL) and Market Vectors Russia (RSX) with gains of at least 7% in afternoon trade Friday.
The bottom three unleveraged ETFs this week were PIMCO 25+ Year Zero Coupon US Treasury (ZROZ), Vanguard Extended Duration Treasury (EDV) and Active Bear ETF (HDGE) with losses of more than 4%.
Next week’s U.S. economic data features reports on import and export prices, the federal budget, producer prices, retail sales, consumer prices and industrial production.
iShares S&P 500 (IVV)
