Rising yields in Spain and the possibility of Greece leaving the eurozone after the next round of elections have added to the cloud of uncertainty looming over the debt-burdened currency bloc. Surprisingly, optimism prevailed on Tuesday as investors focused on stimulus hopes on the homefront along with news of the European Central Bank endorsing a plan to guarantee bank deposits. At home, federal budget data came in worse than expected, although the figure received minimal attention in headlines; the U.S. government posted a deficit of $125 billion versus the previous reading of $58 billion [see also How To Play A Treasury Bubble With ETFs]. Investors will have a chance to shift their attention back towards America later today as U.S. retail sales data hits the street. As such, our ETF to watch for the day is the State Street SPDR S&P Retail ETF (XRT) which may experience volatile trading depending on how markets [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Beware Of Bargain Shopping Friday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Opportunities In A Pullback ETF Insider: Will The Bears Crash Earnings Season?
Rising yields in Spain and the possibility of Greece leaving the eurozone after the next round of elections have added to the cloud of uncertainty looming over the debt-burdened currency bloc. Surprisingly, optimism prevailed on Tuesday as investors focused on stimulus hopes on the homefront along with news of the European Central Bank endorsing a plan to guarantee bank deposits. At home, federal budget data came in worse than expected, although the figure received minimal attention in headlines; the U.S. government posted a deficit of $125 billion versus the previous reading of $58 billion [see also How To Play A Treasury Bubble With ETFs]. Investors will have a chance to shift their attention back towards America later today as U.S. retail sales data hits the street. As such, our ETF to watch for the day is the State Street SPDR S&P Retail ETF (XRT) which may experience volatile trading depending on how markets [...]
Click here to read the original article on ETFdb.com.
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