With no major economic news, markets straddled the flat line for most of the day as trading volumes sunk to rather anemic levels. For the most part, investors have been treading lightly the last few days as they await Federal Reserve Chairman Ben Bernanke’s speech later this week at the annual symposium in Jackson Hole, Wyoming. Many will be looking ahead for hints of further stimulus measures, but the “conditions” the central bank stipulated last week have left many investors understandably doubtful about the prospect of more aggressive action. In line with investors’ sentiment, Chicago Fed President Charles Evans was quoted today saying ”I don’t think we should be in a mode where we are waiting to see what the next few data releases bring. We are well past the threshold for additional action; we should take that action now.” Until central bankers commit themselves to a concrete plan, markets will [...] Click here to read the original article on ETFdb.com. Related Posts: Apple Vs. Samsung: Q&A With Scott Freeze ETF Insider: Earnings, The Fed, And Spain Oh My! Three ETFs To Watch This Week: IYW, XLY, XRT “Random Roger” Debuts Global Alpha & Beta ETF (RRGR) Forget AAPL, Find Some ISRG
With no major economic news, markets straddled the flat line for most of the day as trading volumes sunk to rather anemic levels. For the most part, investors have been treading lightly the last few days as they await Federal Reserve Chairman Ben Bernanke’s speech later this week at the annual symposium in Jackson Hole, Wyoming. Many will be looking ahead for hints of further stimulus measures, but the “conditions” the central bank stipulated last week have left many investors understandably doubtful about the prospect of more aggressive action. In line with investors’ sentiment, Chicago Fed President Charles Evans was quoted today saying ”I don’t think we should be in a mode where we are waiting to see what the next few data releases bring. We are well past the threshold for additional action; we should take that action now.” Until central bankers commit themselves to a concrete plan, markets will [...]
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