Profit-taking pressures have returned to Wall Street as policymakers in Washington have shown no progress in striking a deal to avoid the much-feared “fiscal cliff.” Overseas, clouds of uncertainty continue to loom over the debt-burdened currency bloc as Greece hangs on by a thread while the latest U.K. GDP report showcases that even economic powerhouses are struggling to overcome growing debt burdens around the globe. Economic data releases at home offered little relief as durable goods orders data came in flat, while consumer confidence just barely improved from last month [see 5 High Yield, Low Volatility ETF Plays]. The State Street SPDR Homebuilders ETF will make its way across our radar today as it may see an uptick in trading activity following the release of the latest housing market data after the opening bell. XHB could be in for a very green day if the latest report adds to the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally A Week Later, ETF Winners And Losers From The Election Wednesday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB) Daily ETF Roundup: Housing Soars, Earnings Miss Tuesday’s ETF Chart To Watch: SPDR Homebuilders ETF (XHB)
Profit-taking pressures have returned to Wall Street as policymakers in Washington have shown no progress in striking a deal to avoid the much-feared “fiscal cliff.” Overseas, clouds of uncertainty continue to loom over the debt-burdened currency bloc as Greece hangs on by a thread while the latest U.K. GDP report showcases that even economic powerhouses are struggling to overcome growing debt burdens around the globe. Economic data releases at home offered little relief as durable goods orders data came in flat, while consumer confidence just barely improved from last month [see 5 High Yield, Low Volatility ETF Plays]. The State Street SPDR Homebuilders ETF will make its way across our radar today as it may see an uptick in trading activity following the release of the latest housing market data after the opening bell. XHB could be in for a very green day if the latest report adds to the [...]
Click here to read the original article on ETFdb.com.
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