Week in Review: Duck! Fear/Greed Pendulum on the Move
Equity markets were up big this week as investors bought into a range of positive news.
U.S. equity markets were up big this week as investors bought into a range of positive news covering housing, unemployment, global recovery, and merger activity. Bond markets were relatively quiet as investors continued to bid up corporate issues. Commodities were a focus with gold over $1,000 an ounce.
The Morningstar US Market Index ended up more than 2.5% this week on growing investor confidence in an economic recovery as suggested by positive data in several pockets of the economy. Value trumped growth this week as the Morningstar Small Value Index rose an impressive 5% on industrial material sector stocks such as USG (USG), Huntsman (HUN), AK Steel (AKS), and Koppers (KOP).
Rod Bare does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.