Friday, August 9, 2013

It's The Economy Stupid: Market Close

Can’t stand prosperity!  Markets down.  Stocks fell, giving the S&P 500 Index its biggest weekly loss since June, as investors pulled money from exchange-traded funds and weighed growing signs the Federal Reserve will cut stimulus this year.  Investors pulled almost $1.20 billion from U.S. equity exchange-traded funds over the last four days, according to data compiled by Bloomberg from about 1,500 funds. About $32 billion of deposits went to the funds in July, the most since September 2008, the data show.



John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury



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