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July was another hectic month for equities, as the world struggled to deal with numerous debt crises that put downward pressure on global markets. In our first full month off of the quantitative easing program, rumors have already sprung up that a QE3 may be in store, as markets have failed to establish a strong trend higher, although bond yields have remained subdued. July saw a number of firsts, with one of the most surprising being that Apple Inc. (AAPL) hit $400 per share for the first time; the company is just $50 billion away from being the most valuable firm in the world. This month also saw gold finish above the $1,600 per ounce mark for the first time, as investors sought safe havens amid the uncertain future of the debt crises in Europe and the U.S. [click to continue…]

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No Stopping Gold

by on July 16, 2011

Financial worries at home surrounding the debt-ceiling coupled with a downgrade of Ireland’s credit quality into junk territory overshadowed the start of corporate earnings seasons on Wall Street. Uncertainty and general pessimism pushed investors into the “safer” corner of the market and gold emerged strongest. The yellow precious metal hit record highs on Thursday as August futures prices reached $1,594 an ounce. Strong profits from Citigroup and Google helped equity markets end the week on a positive note, however, equity indexes broadly finished in red territory for the week with the S&P 500 down 2%.

On tap next week are more earnings reports from industry giants and our model ETF portfolios are positioned to regain some lost ground amidst the recent volatility on Wall Street and around the globe.

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Amidst all of the financial worries stemming from the Eurozone overseas, iPath launched two new U.S. Treasury ETNs this week, including options for establishing both long and short exposure to intermediate term Treasury futures. The iPath U.S. Treasury 5-year Bull ETN (DFVL) offers long exposure to the Barclays Capital 5Y US Treasury Futures Targeted Exposure […]

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