ETF Insider: A Most Unexpected Rally

The past week saw a furious rally in equity markets across the globe, with the big run-up occurring at a time when many least suspected a bump. All eyes were on Greece to start the week, and concerns had been intensifying over undesirable developments in one of the most cash-strapped developed economies in the world. But the can was kicked a bit further down the road this week as lawmakers there approved austerity measures that will allow for another wave of bailout payments to keep the country afloat for at least a few more months. Greece’s outsized impact on the global economy continues to amaze; the positive developments there quickly rippled throughout the global markets, sending stocks around the world sharply higher in the second half of the week. That rally gave a big boost to many of the ETFdb Portfolios, reversing a string of consecutive losses in our all-ETF [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Market Dodges A Greek Bullet ETF Insider: Calm Before The Storm March ETF Stats: Another Solid Quarter Morgan Stanley Rolls Out Oil-Linked S&P 500 ETN (BARL) May ETF Stats: Month Of Net Outflows