ETF Insider: The Market Dodges A Greek Bullet

By: ETFdb
This week saw stocks go on one of their best winning streaks in recent memory as the S&P 500 gained close to 3.1% since the market opened on Monday. Most of these gains came as traders and investors alike bought up securities ahead of the Greek austerity measure decision on Wednesday, assuming that Athens would vote in the plan. Traders were proved correct on Wednesday as the austerity measures squeaked by with a five vote margin, allowing Greece to obtain another tranche of capital from the EU in order to avoid default–at least for the time being. Closer to home, issues regarding a potential American debt crisis could soon move towards the forefront as a deal to raise the debt ceiling is still elusive. Time is running out for the U.S. to raise the level before a default event happens later this summer and many are growing increasingly worried that the two parties will [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Calm Before The Storm March ETF Stats: Another Solid Quarter May ETF Stats: Month Of Net Outflows ETF Insider: Greedy In A Fearful Environment ETF Insider: Recapping A Wild Week
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