Grim jobs data on Friday put stocks in a hole right from the opening bell as investors were quite displeased to see that the U.S. economy did not add any jobs in August. Nonfarm payrolls were unchanged for the month, posting the weakest performance in labor payroll data since September of 2010. Unemployment is sitting still at 9.1% and recent slumps in manufacturing and consumer confidence are all factors that are bound to put the pressure on Ben Bernanke to consider another round of economic stimulus. Gold futures were fairly range bound for much of the week, although the yellow metal did surge prior to Wall Street’s open on Friday, settling around $1,880 an ounce. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance VIG Long +2.2% JJG Long -1.6% IEI Short -0.5% Our ideas from the Monday edition of ETF Insider held up reasonably well during [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Equities Back In Black ETF Insider: Markets In Limbo Details Of Dividend ETFs: Consistency vs. Yield NSX Data: VWO Leads All ETFs In YTD Inflows Dividend ETF Special: 25 Equity ETFs With Attractive Distribution Yields
Grim jobs data on Friday put stocks in a hole right from the opening bell as investors were quite displeased to see that the U.S. economy did not add any jobs in August. Nonfarm payrolls were unchanged for the month, posting the weakest performance in labor payroll data since September of 2010. Unemployment is sitting still at 9.1% and recent slumps in manufacturing and consumer confidence are all factors that are bound to put the pressure on Ben Bernanke to consider another round of economic stimulus. Gold futures were fairly range bound for much of the week, although the yellow metal did surge prior to Wall Street’s open on Friday, settling around $1,880 an ounce. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance VIG Long +2.2% JJG Long -1.6% IEI Short -0.5% Our ideas from the Monday edition of ETF Insider held up reasonably well during [...]
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