Bullish momentum cooled off a bit on Wall Street after an explosive start to the week. Deficit woes resurfaced after Chairman Bernanke commented that the Fed does not have the tools necessary to offset the potential consequences that may plague the economy if we do drive off the “fiscal cliff.” Homebuilder stocks extended their rally from yesterday as another piece of bullish housing market data hit the street; October housing starts came in at 894,000, blowing past the 825,000 estimate [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Investors will keep their attention locked onto the homefront as consumer confidence data comes out ahead of the Black Friday shopping spree. As such, the State Street SPDR S&P Retail ETF will be on our radar screen as it may see an uptick in trading activity following the data release after the opening bell. Analysts are expecting for the November University of Michigan [...] Click here to read the original article on ETFdb.com. Related Posts: Retail ETFs In Focus Ahead Of Black Friday Daily ETF Roundup: Stocks Tumble On Obama’s Aggressive Tax Stance Wednesday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Fiscal Cliff Woes Set Volatile Tone ETF Insider: Stocks Await Guidance From Election, Bank Rate Decisions
Bullish momentum cooled off a bit on Wall Street after an explosive start to the week. Deficit woes resurfaced after Chairman Bernanke commented that the Fed does not have the tools necessary to offset the potential consequences that may plague the economy if we do drive off the “fiscal cliff.” Homebuilder stocks extended their rally from yesterday as another piece of bullish housing market data hit the street; October housing starts came in at 894,000, blowing past the 825,000 estimate [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Investors will keep their attention locked onto the homefront as consumer confidence data comes out ahead of the Black Friday shopping spree. As such, the State Street SPDR S&P Retail ETF will be on our radar screen as it may see an uptick in trading activity following the data release after the opening bell. Analysts are expecting for the November University of Michigan [...]
Click here to read the original article on ETFdb.com.
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