ETF Weekly Overview
The top three unleveraged ETFs this week were Market Vectors Junior Gold Miners (NYSEArca: GDX), Global X Silver Miners (NYSEArca: SIL) and iShares MSCI Spain (NYSEArca: EWP) with gains of more than 12%.
The bottom three unleveraged ETFs this week were iPath S&P 500 VIX Short Term Futures (NYSEArca: VXX), ProShares VIX Short Term Futures (NYSEArca: VIXY) and VelocityShares Long VIX Short Term (NYSEAra: VIIX) with declines of 19% or more.
The CBOE Volatility Index fell sharply this week as investors rushed into riskier assets.
In next week’s economic data, look for reports on international trade, import and export prices, producer and consumer prices, and retail sales. However, the main event will be the Fed announcement on Thursday, followed by a press conference with Ben Bernanke.