Equity markets continued to chug along sideways as low trading volumes permeated Wall Street for another session, showcasing investors’ uncertainty ahead of Fed Chairman Bernanke’s speech at Jackson Hole this Friday. The Nasdaq managed to pull ahead of the Dow Jones Industrial Average and the S&P 500 Index for another day as mixed economic news prompted a bullish reaction out of the technology sector. Worse-than-expected consumer confidence data collided with encouraging Case-Shiller home prices, pushing Treasuries and volatility slightly higher while gold inched lower [see also The Ultimate Commodities Survival Kit]. Perhaps the most anticipated event this week aside from Bernanke’s speech is today’s U.S. GDP revision release. As such, our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT, B+) which could swing in either direction depending on whether or not the latest growth expectations spark a rally or sell-off for equities. [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: VXX, GERJ, TLT Wednesday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) Three “Dividend ETFs” That Go Beyond Stocks Tuesday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) Bond ETFs Turn 10
Equity markets continued to chug along sideways as low trading volumes permeated Wall Street for another session, showcasing investors’ uncertainty ahead of Fed Chairman Bernanke’s speech at Jackson Hole this Friday. The Nasdaq managed to pull ahead of the Dow Jones Industrial Average and the S&P 500 Index for another day as mixed economic news prompted a bullish reaction out of the technology sector. Worse-than-expected consumer confidence data collided with encouraging Case-Shiller home prices, pushing Treasuries and volatility slightly higher while gold inched lower [see also The Ultimate Commodities Survival Kit]. Perhaps the most anticipated event this week aside from Bernanke’s speech is today’s U.S. GDP revision release. As such, our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT, B+) which could swing in either direction depending on whether or not the latest growth expectations spark a rally or sell-off for equities. [...]
Click here to read the original article on ETFdb.com.
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