ETF Insider: Analyst Notes & Portfolio Review July 31st EditionJuly 31, 2013 at 14:31 PM EDT
U.S. equity indexes remain near all-time highs as largely upbeat corporate earnings and a lack of “bad news” from overseas markets have given investors few reasons to sell amid the euphoria. Furthermore, investors’ confidence was bolstered by the latest GDP report, which showed economic growth of 1.7%, considerably better than the previous reading of 1.1% [see also The Complete Visual History Of SPY]. Heard on the Street The biggest developments to take place in July have all revolved around the Fed “taper scare” from June 22nd. Fed officials, including Chairman Bernanke himself, were quick to “soften” their language and reassure investors that monetary policy will remain accommodative until economic data warrants a policy shift. The bulls jumped back on board and the rally has resumed on Wall Street, although the FOMC meeting in September may re-ignite fears as investors again weigh the possibility of a stimulus reduction. Overseas, the landscape remains largely unchanged; [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fed Rattles Confidence, Utilities Trade Locks-In Profit ETF Insider: Asia Pacific Country Fund Looks Ripe For Rebound, Gold Offers A Hedge How To Use A Pairs Trading Strategy With ETFs ETFdb Analyst Picks: Bull Run Holds For Now ETFdb Analyst Picks: Optimism Fuels Rebound
U.S. equity indexes remain near all-time highs as largely upbeat corporate earnings and a lack of “bad news” from overseas markets have given investors few reasons to sell amid the euphoria. Furthermore, investors’ confidence was bolstered by the latest GDP report, which showed economic growth of 1.7%, considerably better than the previous reading of 1.1% [see also The Complete Visual History Of SPY]. Heard on the Street The biggest developments to take place in July have all revolved around the Fed “taper scare” from June 22nd. Fed officials, including Chairman Bernanke himself, were quick to “soften” their language and reassure investors that monetary policy will remain accommodative until economic data warrants a policy shift. The bulls jumped back on board and the rally has resumed on Wall Street, although the FOMC meeting in September may re-ignite fears as investors again weigh the possibility of a stimulus reduction. Overseas, the landscape remains largely unchanged; [...]
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