Stocks around the globe staged a massive rally yesterday as the much-anticipated FOMC decision delivered on expectations. Bullish pressures prevailed as markets cheered on the Fed’s announcement of an additional round of quantitative easing; although markets got what they wanted, the announcement is really a double-edged sword as it suggests that the Fed is still worried about the health of the domestic recovery. In light of this, investors will digest a handful of consumer-centric data releases later today that could tip sentiment in either direction [see also Silver, SLV's Stealth Rally]. Our ETF to watch for the day is the State Street S&P Retail ETF (XRT, A-), which will come into focus as retail sales data hits the street at the opening bell. XRT could see an increase in trading volumes depending on investors’ reaction to the latest retail report which will offer insights into the health of the U.S. consumer; [...] Click here to read the original article on ETFdb.com. Related Posts: 5 Chart Patterns Every ETF Trader Should Know Thursday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Bulls Look To Data Before Resuming Rally ETF Insider: Bull Train Stops At Resistance ETF Insider: Flirting With Resistance Is A Risky Game
Stocks around the globe staged a massive rally yesterday as the much-anticipated FOMC decision delivered on expectations. Bullish pressures prevailed as markets cheered on the Fed’s announcement of an additional round of quantitative easing; although markets got what they wanted, the announcement is really a double-edged sword as it suggests that the Fed is still worried about the health of the domestic recovery. In light of this, investors will digest a handful of consumer-centric data releases later today that could tip sentiment in either direction [see also Silver, SLV's Stealth Rally]. Our ETF to watch for the day is the State Street S&P Retail ETF (XRT, A-), which will come into focus as retail sales data hits the street at the opening bell. XRT could see an increase in trading volumes depending on investors’ reaction to the latest retail report which will offer insights into the health of the U.S. consumer; [...]
Click here to read the original article on ETFdb.com.
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