Investors went along for a downhill ride last week as debt woes plagued Wall Street, sending the S&P 500 lower by nearly 4% for the week. Corporate earnings were mostly surprises to the upside, but equities failed to stage a meaningful comeback since investors were more concerned with the debt ceiling drama at home. As expected, gold continued its march higher, with futures prices hitting an all-time high of $1,637 an ounce on Friday morning. Our trade recommendations for this week include a defensive position in a domestic sector fund as well as an international fixed-income ETF, while our bullish pick stands to benefit from a rebound in foreign equities. Weekly Outlook The coming week is stacked with central bank meetings around the globe, including a key interest rate decision by the European Central Bank which will be watched by many given the deteriorating financial health of the Euro zone. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Weak Dollar Creates Opportunities ETFs To Watch As Debt Ceiling Deadline Nears Daily ETF Roundup: VXX Soars On Market Uncertainty, VGK Declines On More Italian Worries Daily ETF Roundup: VGK Sinks On Greek Woes, VXX Skyrockets On Contagion Fears ETF Insider: Looking Overseas For Opportunities