Today was a very frustrating session, as stocks swung violently back and forth before finally selling off to close out the day. The Dow surrendered 68 points while the S&P 500 dipped by approximately 0.6%. Today’s confusing trading came as some big banks had strong earnings while housing data was simultaneously weak; eventually the bears took over and markets posted their second straight loss. “‘What we have going forward…is more of an economic-and earnings driven market, which unfortunately won’t be quite as much fun and it won’t be as smooth either’” says Russ Koesterich, Global Chief Investment Strategist at iShares. Koesterich was quick to note that he does not necessarily believe that 2012′s rally has come to an end, but that the coming months will certainly be more volatile than the former. The commodity side of the market watched both crude oil and gold finish relatively flat. It used to [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Debuts NASDAQ ETFs: QQQM, QQQV AAPL Weighting In QQQ To Be Slashed Thursday’s ETF To Watch: Nasdaq QQQ Fund (QQQ) ETFs To Bet Against Apple Friday’s ETF To Watch: QQQ In Focus As Apple Launches iPad
Today was a very frustrating session, as stocks swung violently back and forth before finally selling off to close out the day. The Dow surrendered 68 points while the S&P 500 dipped by approximately 0.6%. Today’s confusing trading came as some big banks had strong earnings while housing data was simultaneously weak; eventually the bears took over and markets posted their second straight loss. “‘What we have going forward…is more of an economic-and earnings driven market, which unfortunately won’t be quite as much fun and it won’t be as smooth either’” says Russ Koesterich, Global Chief Investment Strategist at iShares. Koesterich was quick to note that he does not necessarily believe that 2012′s rally has come to an end, but that the coming months will certainly be more volatile than the former. The commodity side of the market watched both crude oil and gold finish relatively flat. It used to [...]
Click here to read the original article on ETFdb.com.
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