Aside from short-lived spurts of optimism and pessimism fueled by dramatic headlines, equity markets remained fairly calm this week as looming “fiscal cliff” woes kept a lid on investors’ confidence. On the international front, the Reserve Bank of Australia cautiously lowered its benchmark interest rate down to 3.0% while eurozone GDP contracted by 0.6% for the quarter. At home, economic releases were generally upbeat throughout the week; investors digested better-than-expected nonfarm payrolls data along with a decrease in the unemployment rate, marking another stride forward in the sluggish domestic labor market recovery [see Free 7 Simple & Cheap All- ETF Model Portfolios]. Actionable ETF Trade Ideas Our picks from Monday’s Insider posted disappointing performance results as sideways price action on Wall Street threw off the timing on two of our recommendations. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks ETF Insider: Was The Greek Bailout Priced In? ETFs: The $10 Billion Club December ETF Roundup: $1 Trillion And Counting Free ETF Trading: Comparing All The Options
Aside from short-lived spurts of optimism and pessimism fueled by dramatic headlines, equity markets remained fairly calm this week as looming “fiscal cliff” woes kept a lid on investors’ confidence. On the international front, the Reserve Bank of Australia cautiously lowered its benchmark interest rate down to 3.0% while eurozone GDP contracted by 0.6% for the quarter. At home, economic releases were generally upbeat throughout the week; investors digested better-than-expected nonfarm payrolls data along with a decrease in the unemployment rate, marking another stride forward in the sluggish domestic labor market recovery [see Free 7 Simple & Cheap All- ETF Model Portfolios]. Actionable ETF Trade Ideas Our picks from Monday’s Insider posted disappointing performance results as sideways price action on Wall Street threw off the timing on two of our recommendations. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF [...]
Click here to read the original article on ETFdb.com.
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