Although huge questions remain over the European debt crisis, investors have seen, in recent days, more bullish data on the American economy. Real GDP came in slightly above expectations, showing a 1.3% annualized gain, while jobless claims plummeted, sinking below 400k for the first time in a long time, crushing estimates which called for claims to come in around the 420,000 mark yet again. Thanks to these reports, some are beginning to feel slightly better about the economy and are now hopeful that we may squeak by without falling into a dreaded double dip. However, in order to confirm this recent trend, analysts will likely look to a couple of key data releases later today in order to help set the record straight. Investors will look to a couple of key consumer metrics in order to get a better idea on how this important segment of the economy is holding [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Does Gold Still Glitter? ETF Insider: The Dust Has Yet To Settle ETF Insider: Be Wary Of Bargain Shopping ETF Insider: Bullish Abroad, Defensive At Home Tuesday’s ETF To Watch: SPDR S&P Retail ETF (XRT)
Although huge questions remain over the European debt crisis, investors have seen, in recent days, more bullish data on the American economy. Real GDP came in slightly above expectations, showing a 1.3% annualized gain, while jobless claims plummeted, sinking below 400k for the first time in a long time, crushing estimates which called for claims to come in around the 420,000 mark yet again. Thanks to these reports, some are beginning to feel slightly better about the economy and are now hopeful that we may squeak by without falling into a dreaded double dip. However, in order to confirm this recent trend, analysts will likely look to a couple of key data releases later today in order to help set the record straight. Investors will look to a couple of key consumer metrics in order to get a better idea on how this important segment of the economy is holding [...]
Click here to read the original article on ETFdb.com.
Related Posts:
