NEW YORK ( TheStreet) -- Here are this week's winners and losers.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 7.9%
For another week, Europe's debt woes took center stage, igniting investor fears and driving many back into the comfort of safe-haven asset classes.
The "risk-off" mentality boded well for exchange-traded products designed to follow the fear-tracking VIX index. The VXX saw weakness at the end of the week, but not before the ETN managed to reclaim previous November highs.The VIX's 50-day moving average bears watching. Since initially breaking below this level in early October, the fund has tested and failed to sustain a break higher on four separate occasions. With a shortened holiday trading week ahead of us, the inherent choppiness of the market could be magnified. Tread carefully. iShares Barclays 20+ Year Treasury Bond Fund (TLT) 3.2% Long-term U.S. Treasuries were a popular destination for skittish investors seeking shelter from macroeconomic headwinds. TLT bounced off of its 50-day moving average and returned to levels last seen at the start of the month. With Europe's economic crisis still unresolved, there is a great deal of market-related uncertainty. Defensive asset classes will likely remain in vogue as we look ahead.