Buying euphoria remains a dominant theme on Wall Street as made apparent by yesterday’s rally. Investors came back in a buying mood Tuesday morning following the extended weekend in observance of President’s Day. Stocks continued their ascent even after home builders’ index data missed the mark, coming in at 46 versus last month’s reading of 47. Investors instead focused on encouraging M&A activity after advanced merger talks between OfficeMax and Office Depot were reported [see ETF Insider: Bulls On Parade]. With FOMC minutes slated to hit the Street this afternoon, our ETF to watch for the day is the State Street SPDR Gold Trust , which has a history of wild price swings following commentary from Federal Reserve Chairman Bernanke. The latest commentary from the Fed should offer valuable insights regarding the health of the U.S. economic recovery as well as any hints of potential changes in policy [see GLD-Free Gold Bug ETFdb Portfolio]. Chart [...] Click here to read the original article on ETFdb.com. Related Posts: How To Take Profits And Cut Losses When Trading ETFs 3 ETFs To Watch This Week: EWG, FXB, GLD How Well Do The 5 Biggest ETFs Track Their Indexes? How To Use A Breakout Trading Strategy For ETFs 10 Questions About ETFs You’ve Been Too Afraid To Ask
Buying euphoria remains a dominant theme on Wall Street as made apparent by yesterday’s rally. Investors came back in a buying mood Tuesday morning following the extended weekend in observance of President’s Day. Stocks continued their ascent even after home builders’ index data missed the mark, coming in at 46 versus last month’s reading of 47. Investors instead focused on encouraging M&A activity after advanced merger talks between OfficeMax and Office Depot were reported [see ETF Insider: Bulls On Parade]. With FOMC minutes slated to hit the Street this afternoon, our ETF to watch for the day is the State Street SPDR Gold Trust , which has a history of wild price swings following commentary from Federal Reserve Chairman Bernanke. The latest commentary from the Fed should offer valuable insights regarding the health of the U.S. economic recovery as well as any hints of potential changes in policy [see GLD-Free Gold Bug ETFdb Portfolio]. Chart [...]
Click here to read the original article on ETFdb.com.
Related Posts:
