Bullish sentiment continues to dominate on Wall Street as upbeat corporate earnings are keeping confidence levels elevated. Major equity indexes have enjoyed a very green start to the new year amid the improving outlook, and the S&P 500 Index and Dow Jones Industrial Average are both sitting on fresh five-year highs; as expected, frustrated bears and so-called experts are calling for a market top in the face of rising prices, leaving many of those on the sidelines puzzled as to which way stocks will swing next [see Visual History Of The S&P 500]. On the homefront, the recovery is continuing to show signs of improvement although major economic data releases remain mixed as a whole. Durable goods orders and ADP employment data came in better than expected earlier this week, adding fuel to the ongoing rally. On the other hand, U.S. GDP painted a worrisome outlook after economic output contracted by 0.1% for the quarter thanks [...] Click here to read the original article on ETFdb.com. Related Posts: The Most Tradable Stock In Each Sector SPDR ETF The 5 Most Important Chart Patterns For ETF Traders Which Sector ETFs Are Cheap? AdvisorShares Rolls Out SectorSAM ETF (SSAM) ETFs & Sector Rotation: Large Cap, Small Cap, Or International?
Bullish sentiment continues to dominate on Wall Street as upbeat corporate earnings are keeping confidence levels elevated. Major equity indexes have enjoyed a very green start to the new year amid the improving outlook, and the S&P 500 Index and Dow Jones Industrial Average are both sitting on fresh five-year highs; as expected, frustrated bears and so-called experts are calling for a market top in the face of rising prices, leaving many of those on the sidelines puzzled as to which way stocks will swing next [see Visual History Of The S&P 500]. On the homefront, the recovery is continuing to show signs of improvement although major economic data releases remain mixed as a whole. Durable goods orders and ADP employment data came in better than expected earlier this week, adding fuel to the ongoing rally. On the other hand, U.S. GDP painted a worrisome outlook after economic output contracted by 0.1% for the quarter thanks [...]
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