Stocks have kicked off this week on a sour note as profit-taking pressures built up over the weekend following last week’s bullish finale. To top it off, headlines from Europe continue to cause concerns on Wall Street as investors deal with the looming political gridlock overseas, while also battling presidential election jitters at home. Earnings season is also underway and Alcoa appears to have kicked off the ceremonies with a positive tone after the aluminum behemoth posted better-than-expected results [see also ETF Insider: Trading Ideas For Earnings Season]. Investors will focus on domestic economic conditions later today as the Fed Beige Book hits the street this afternoon. As such, the State Street SPDR Global Trust (GLD, A) may experience volatile trading depending on the latest insights regarding the health of the U.S. recovery. The Beige Book is published eight times a year and is comprised of economic indicators from each of the Federal Reserve [...] Click here to read the original article on ETFdb.com. Related Posts: Third Time’s A Charm? Best ETF Plays For QE3 Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Thursday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Brief History Of ETFs ETF Insider: Pressure On Fed To Follow
Stocks have kicked off this week on a sour note as profit-taking pressures built up over the weekend following last week’s bullish finale. To top it off, headlines from Europe continue to cause concerns on Wall Street as investors deal with the looming political gridlock overseas, while also battling presidential election jitters at home. Earnings season is also underway and Alcoa appears to have kicked off the ceremonies with a positive tone after the aluminum behemoth posted better-than-expected results [see also ETF Insider: Trading Ideas For Earnings Season]. Investors will focus on domestic economic conditions later today as the Fed Beige Book hits the street this afternoon. As such, the State Street SPDR Global Trust (GLD, A) may experience volatile trading depending on the latest insights regarding the health of the U.S. recovery. The Beige Book is published eight times a year and is comprised of economic indicators from each of the Federal Reserve [...]
Click here to read the original article on ETFdb.com.
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