Today marked the end of a tumultuous week that saw high volumes accompanied by high volatility. The week saw poor trading days until Thursday came, when all hell broke loose. A massive sell off led to losses of more than 3% in most major benchmarks, as investors hit the panic button in reaction to Fed Chair Ben Bernanke’s speech and policy decisions. Bernanke outlined the new “Operation Twist” which will consist of the Fed taking $400 billion from its short-term debt assets and purchasing long-term fixed income in an effort to flatten the yield curve and keep long-term interest rates in check. Like the majority of his previous speeches, markets reacted poorly, as investors seem to have a knack for selling big after the Fed leader addresses the nation [see also Northern Trust Returns To ETF World, Launches Four FlexShares]. Another issue that has been looming all week has been [...] Click here to read the original article on ETFdb.com. Related Posts: Seven Surprising ETF Holdings: Why Investors Should Always Look Under The Hood Battle For ETF Market Share: Who’s Gaining Ground, Who’s Falling Behind GDX vs. GDXJ: A Better Way To Play Gold? Daily ETF Roundup: GDX Surges On Fed Hopes, PBW Slides On Solar’s Slump Daily ETF Roundup: VGK Soars On Greek Relief Hopes, GDX Declines On Demand For Risky Assets
Today marked the end of a tumultuous week that saw high volumes accompanied by high volatility. The week saw poor trading days until Thursday came, when all hell broke loose. A massive sell off led to losses of more than 3% in most major benchmarks, as investors hit the panic button in reaction to Fed Chair Ben Bernanke’s speech and policy decisions. Bernanke outlined the new “Operation Twist” which will consist of the Fed taking $400 billion from its short-term debt assets and purchasing long-term fixed income in an effort to flatten the yield curve and keep long-term interest rates in check. Like the majority of his previous speeches, markets reacted poorly, as investors seem to have a knack for selling big after the Fed leader addresses the nation [see also Northern Trust Returns To ETF World, Launches Four FlexShares]. Another issue that has been looming all week has been [...]
Click here to read the original article on ETFdb.com.
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