Against all odds, the bulls continue to push higher on Wall Street with the Dow Jones Industrial Average posting its tenth consecutive day of gains. Buying pressures permeated the marketplace after weekly jobless claims came in better than expected, marking yet another encouraging stride forward in the domestic labor market recovery; this figure showed that 332,000 people had filed for unemployment benefits last week versus the previous reading of 342,000 [see Visual History Of The Dow Jones Industrial Average]. The iShares Barclays TIPS Bond Fund will come into the spotlight later today as investors digest the latest inflation data. Analysts are expecting February’s Consumer Price Index to come in at 1.9%, marking a notable increase from the previous reading of 1.6%. Chart Analysis While inflation worries have by no means evaporated from Wall Street, this ETF has been sliding lower since the beginning of December 2012 as selling pressures have hit investment-grade fixed income securities across the board. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bulls On Parade ETF Insider: Bearish Pressures Mounting Checking In On the 10 Largest ETFs Year To Date Weathering Economic Headwinds: ETFs To Prepare Like Bill Gross ETF Insider: Support Levels In Sight
Against all odds, the bulls continue to push higher on Wall Street with the Dow Jones Industrial Average posting its tenth consecutive day of gains. Buying pressures permeated the marketplace after weekly jobless claims came in better than expected, marking yet another encouraging stride forward in the domestic labor market recovery; this figure showed that 332,000 people had filed for unemployment benefits last week versus the previous reading of 342,000 [see Visual History Of The Dow Jones Industrial Average]. The iShares Barclays TIPS Bond Fund will come into the spotlight later today as investors digest the latest inflation data. Analysts are expecting February’s Consumer Price Index to come in at 1.9%, marking a notable increase from the previous reading of 1.6%. Chart Analysis While inflation worries have by no means evaporated from Wall Street, this ETF has been sliding lower since the beginning of December 2012 as selling pressures have hit investment-grade fixed income securities across the board. [...]
Click here to read the original article on ETFdb.com.
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