Almost as soon as the confetti stopped falling on election night, the popular news media began focusing almost incessantly on the fiscal cliff that would occur on December 31 of 2012. A combination of tax cut expirations and automatic spending cuts, the fiscal cliff was created by Congress as an unacceptable outcome [see Visual History Of The S&P 500]. Congress being Congress, there was much sound and fury, but ultimately the fiscal cliff technically occurred. Very shortly thereafter, though, Congress passed a compromise bill (which President Obama signed into law on January 2, 2013). Markets cheered on the agreement, as major benchmarks had been hinging on the fate of the situation. But some securities were able to outshine others during this period of economic rejoice. Below, we outline five ETFs that were able to cash in on the initial fiscal cliff solution [for more ETF news and analysis subscribe to our free [...] Click here to read the original article on ETFdb.com. Related Posts: Favorite ETF Positions For 5 Super Investors ETFs Then And Now Checking In On the 10 Largest ETFs Year To Date Daily ETF Roundup: Bargain Shopping Euphoria Sparks Rally Daily ETF Roundup: Housing Soars, Earnings Miss
Almost as soon as the confetti stopped falling on election night, the popular news media began focusing almost incessantly on the fiscal cliff that would occur on December 31 of 2012. A combination of tax cut expirations and automatic spending cuts, the fiscal cliff was created by Congress as an unacceptable outcome [see Visual History Of The S&P 500]. Congress being Congress, there was much sound and fury, but ultimately the fiscal cliff technically occurred. Very shortly thereafter, though, Congress passed a compromise bill (which President Obama signed into law on January 2, 2013). Markets cheered on the agreement, as major benchmarks had been hinging on the fate of the situation. But some securities were able to outshine others during this period of economic rejoice. Below, we outline five ETFs that were able to cash in on the initial fiscal cliff solution [for more ETF news and analysis subscribe to our free [...]
Click here to read the original article on ETFdb.com.
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