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This Week In ETFs: September 4th Edition
September 04, 2011 at 07:00 AM EDT
This week got off to a strong start as equities enjoyed gains to close out what was a dismal August. Last month was riddled with instability as a number of factors, including a downgrade of U.S. debts, pushed markets into the red and sent volatility surging. As we entered September, investors sought to forget last month’s woes and start fresh, but all to no avail. September opened up with two down days as U.S. unemployment figures came in at 9.1% again, prompting a sell-off as many fear that the recovery has screeched to a halt. Another month with high unemployment will likely put major pressure on both President Obama and Fed Chairman Ben Bernanke, as both will make major addresses to the nation later this month. The ETF industry saw little activity this week, as the summer months have brought something of a temporary slump to the exchange traded space [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
This week got off to a strong start as equities enjoyed gains to close out what was a dismal August. Last month was riddled with instability as a number of factors, including a downgrade of U.S. debts, pushed markets into the red and sent volatility surging. As we entered September, investors sought to forget last month’s woes and start fresh, but all to no avail. September opened up with two down days as U.S. unemployment figures came in at 9.1% again, prompting a sell-off as many fear that the recovery has screeched to a halt. Another month with high unemployment will likely put major pressure on both President Obama and Fed Chairman Ben Bernanke, as both will make major addresses to the nation later this month. The ETF industry saw little activity this week, as the summer months have brought something of a temporary slump to the exchange traded space [...]
