Stocks kicked off 2013 with a bang as buying pressures spilled over into the new year and major indexes tallied a second straight day of massive gains. Uncertainty seemingly evaporated from the marketplace after lawmakers in Washington D.C. managed to agree on a bill just shy of the deadline, effectively averting the much-feared series of spending cuts and tax increases. At the end of the day, however, this was only an aversion effort, seeing as lawmakers will reconvene in February to address the looming federal deficit [see 101 High Yield ETFs For Every Dividend Investor]. With Wall Street off to a hot start, today’s weekly employment report has potential to add fuel to the rally, while a disappointing release may just as easily invite bears to the bull parade. Our spotlight will shift to the iShares Barclays 20 Year Treasury Bond Fund , which could experience volatile trading depending on investors’ reaction to the latest employment data. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Budget Woes Spoil Holiday Cheer ETF Insider: No Real Fuel Behind The Fire Hunt For Yield: How Do All The High Yielding ETFs Stack Up ETF Insider: Solid Economic Data Fails To Excite Markets ETF Insider: Buy On This Dip With Caution
Stocks kicked off 2013 with a bang as buying pressures spilled over into the new year and major indexes tallied a second straight day of massive gains. Uncertainty seemingly evaporated from the marketplace after lawmakers in Washington D.C. managed to agree on a bill just shy of the deadline, effectively averting the much-feared series of spending cuts and tax increases. At the end of the day, however, this was only an aversion effort, seeing as lawmakers will reconvene in February to address the looming federal deficit [see 101 High Yield ETFs For Every Dividend Investor]. With Wall Street off to a hot start, today’s weekly employment report has potential to add fuel to the rally, while a disappointing release may just as easily invite bears to the bull parade. Our spotlight will shift to the iShares Barclays 20 Year Treasury Bond Fund , which could experience volatile trading depending on investors’ reaction to the latest employment data. [...]
Click here to read the original article on ETFdb.com.
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