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ETF Market Vital Signs, March 13: The Plot Thickens: + S&P 500 Additions & Subtractions
FYI: Can the dollar’s gains continue? It sure seems likely. If so, that’s going to be a big problem for U.S. companies that do big business overseas. It also means that the market soon might be staring down the first interest-rate adjustment since 2008 at the same time it copes with a surging greenback. This fraught scenario spooked investors in U.S. stocks, which closed Friday with a third straight weekly decline. The S&P 500 ended the day off 0.6% and the week down 0.8%. It’s telling that the iShares Russell 2000 ETF (IWM) rose 1.2% this week. Smaller companies are by nature less exposed to the dollar since they do more business domestically. And crude oil slumped, with a weekly decline of nearly 10%. In short, there are a lot of balls in the air right now. If you follow markets, you’ll be watching the Federal Reserve next week for signs of itchiness in its trigger finger. Regards, Ted http://blogs.barrons.com/focusonfunds/2015/03/13/etf-market-vital-signs-march-13-the-plot-thickens/tab/print/
