Thursday’s ETF To Watch: Vanguard Industrials Fund (VIS)
June 30, 2011 at 04:00 AM EDT
With the Greek situation under control for the time being, eyes are likely to once again focus on the United States and its economic woes. The U.S. still has intolerably high unemployment, weak growth prospects, and continued uncertainty over the debt ceiling to boot. Thanks to these issues, many investors have looked to the small but important production side of the economy to help boost the U.S. out of its malaise. For those who track this corner and are putting their chips on a manufacturing led recovery, today’s data release of the Chicago PMI survey could help to set the record straight heading into the third quarter. The Chicago PMI is a popular economic indicator that, according to Bloomberg, compiles a survey and a composite diffusion index of business conditions in the Chicago area. While the survey doesn’t exclusively focus on manufacturing firms, many believe that the reading analyzes a mix of companies that is very representative of the American economy, [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: XLF, UUP, VIS