Anticipation was the name of the game last week, as all eyes focused on Federal Reserve Chairman Ben Bernanke and his speech at Jackson Hole on Friday. Investors flooded the market prior to the speech, spurring an early morning rally. But after Bernanke indicated that the central bank will not be taking immediate actions, but they are ready to step in should the economy worsen (essentially regurgitating what he has been saying for the past several months), stocks quickly sold off. But, of course, the reaction was short-lived, since now investors are apparently satisfied with another “hint” of QE3. Perhaps this month’s anemic trading was enough motivation for investors to jump back into the markets, regardless of the lack of concrete developments on the macroeconomic front. This week, investors will once again see a number of economic reports around the globe, which will hopefully restore some momentum to the markets. Below, we outline three [...] Click here to read the original article on ETFdb.com. Related Posts: Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds 3 ETFs To Watch This Week: GLD, EWUS, XLI 3 ETFs To Watch This Week: GERJ, EU, TIP 3 ETFs To Watch This Week: EWUS, XLI, VXX 17 ETFs For Day Traders
Anticipation was the name of the game last week, as all eyes focused on Federal Reserve Chairman Ben Bernanke and his speech at Jackson Hole on Friday. Investors flooded the market prior to the speech, spurring an early morning rally. But after Bernanke indicated that the central bank will not be taking immediate actions, but they are ready to step in should the economy worsen (essentially regurgitating what he has been saying for the past several months), stocks quickly sold off. But, of course, the reaction was short-lived, since now investors are apparently satisfied with another “hint” of QE3. Perhaps this month’s anemic trading was enough motivation for investors to jump back into the markets, regardless of the lack of concrete developments on the macroeconomic front. This week, investors will once again see a number of economic reports around the globe, which will hopefully restore some momentum to the markets. Below, we outline three [...]
Click here to read the original article on ETFdb.com.
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