Wednesday’s ETF Chart To Watch: China All-Cap ETF (YAO)

Equity indexes tumbled into red territory on Tuesday following Moody’s most recent downgrade of Ireland. The ratings agency pushed Ireland’s credit rating to junk status, sending additional waves of panic selling throughout the market as investors prepare for other larger markets to be next in line for a downgrade. “To avoid a bigger correction, a big and surprising solution must come out [of] Europe,” said Lorenzo Di Mattia, manager of Sibilla Global Fund. On the home front, investors are keeping a close eye on corporate earnings, but even Alcoa’s impressive revenues were not able to lift stocks higher, as market volatility has been largely affected by headlines from overseas over the past two weeks. While equities were inching lower in the latter half of Tuesday’s trading, gold futures staged a mini-rally as the yellow metal rose into green territory, gaining $5 for the day and closing just a few points [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Greedy In A Fearful Environment ETF Insider: Debuting Our All-ETF Portfolio Closer Look At The China A-Shares ETF (PEK) Definitive Guide To China ETFs Claymore Launches Three Wilshire ETFs (WFVK, WXSP, WREI)