WallachBeth ETF Desk Notes Tues Jul 17

WallachBeth action:
Active seller in Gold today. GLD
We had buying into BulletShare Target Date 2013,2014 and 2015 (BSJE, BSJD, BSJF).record volume in each.
Late day buyer in Emerging markets VWO- 2.5mm shares.
Buyer of India today, finally- EPI 500k shares
Away:
Witnessed some good sized sellers in EPP (MSCI Pacific ex Japan) and EWQ (France) with proceeds into HYG (Ishares High Yield corp bond) and LQD (Ishares Investment grade).
Drought conditions are apparently getting worse. I will be putting out a short and sweet little info sheet on commodity ETFs on my radar as this unfortunate weather pattern evolves.
Good news to sleep on: Volumes were 20% higher today than yesterday. Bad news to sleep on: Volumes were 20% lower than the 1 year average today.
Have a great night.
Hempstead

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