The bulls jumped right back into the swing of things yesterday following Wednesday’s flat session, despite a few mixed economic data releases on the day. Both weekly jobless claims and pending home sales just barely missed analysts’ expectations; however, major equity indexes continued their march higher without much hesitation on speculation that the Fed would feel more compelled to maintain stimulus [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch for today is the PIMCO Canada Bond Index Fund , which could receive a much needed fundamental catalyst to bolster its rebound after investors digest the latest Canada GDP report. Analysts are expecting for Canada’s economic growth rate to come in at 1.5%, which would mark a slight deterioration from the previous reading of 1.7%. Chart Analysis Consider CAD’s two-year daily performance chart below. This bond ETF has been in a dismal downtrend since peaking at $108.90 [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: European Tensions On The Horizon ETF Insider: Stocks Brace For Rate Decisions ETF Insider: Bulls On Parade ETF Insider: The Ascent Continues ETF Insider: Bulls Win Again
The bulls jumped right back into the swing of things yesterday following Wednesday’s flat session, despite a few mixed economic data releases on the day. Both weekly jobless claims and pending home sales just barely missed analysts’ expectations; however, major equity indexes continued their march higher without much hesitation on speculation that the Fed would feel more compelled to maintain stimulus [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch for today is the PIMCO Canada Bond Index Fund , which could receive a much needed fundamental catalyst to bolster its rebound after investors digest the latest Canada GDP report. Analysts are expecting for Canada’s economic growth rate to come in at 1.5%, which would mark a slight deterioration from the previous reading of 1.7%. Chart Analysis Consider CAD’s two-year daily performance chart below. This bond ETF has been in a dismal downtrend since peaking at $108.90 [...]
Click here to read the original article on ETFdb.com.
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