Wednesday’s ETF To Watch: Industrial Select Sector SPDR (XLI)

By: ETFdb
As the European debt crisis goes on the back-burner thanks to hopes for a new bailout package, focus is beginning to shift back to the United States and our own economic problems. Unemployment remains intolerably high and more stimulus doesn’t appear to be coming from either a monetary or fiscal route, leaving hard data as the only catalyst going forward. Unfortunately, data has been lukewarm at best in recent weeks across most fronts. Jobless claims are still well above 400,000 while CPI is rising at a rate of 3.8% a year, suggesting inflation is beginning to creep up on the economy. In light of this, many investors will likely focus in on today’s durable goods order release in order to move markets in the U.S. during Wednesday’s session. The current economist consensus calls for a month-over-month increase of 0.2% in the key core durable goods orders, which consists of ‘long lasting’ manufactured products [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF To Watch: Industrial Select Sector SPDR (XLI) Daily ETF Roundup: GDX Jumps On Gold’s Surge, XLI Sinks On Spending Fears ETF Insider: Equities Poised To Pop Daily ETF Roundup: XLI Sinks On Steelmaker Weakness, DBB Rises On Broad Industrial Metal Gains ETF Insider: Bullish On Equities
As the European debt crisis goes on the back-burner thanks to hopes for a new bailout package, focus is beginning to shift back to the United States and our own economic problems. Unemployment remains intolerably high and more stimulus doesn’t appear to be coming from either a monetary or fiscal route, leaving hard data as the only catalyst going forward. Unfortunately, data has been lukewarm at best in recent weeks across most fronts. Jobless claims are still well above 400,000 while CPI is rising at a rate of 3.8% a year, suggesting inflation is beginning to creep up on the economy. In light of this, many investors will likely focus in on today’s durable goods order release in order to move markets in the U.S. during Wednesday’s session. The current economist consensus calls for a month-over-month increase of 0.2% in the key core durable goods orders, which consists of ‘long lasting’ manufactured products [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Advertisement

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.