November 28, 2012 at 17:50 PM EST
Daily ETF Roundup: Stocks Make A Reversal On Optimistic Cliff Deal Talks
After a rather sour start, U.S. markets made a comeback late in the day following encouraging comments on fiscal cliff talks and positive signs that the Fed will continue its stimulus package next year. During a White House event, President Obama emphasized that his hope “is to get this agreement done before Christmas.” House of Representatives Speaker John Boehner also expressed optimism about the budget talks, stating that while Republicans are still opposed to raising taxes, they are willing to make the sacrifice as long as appropriate spending cuts are made. Meanwhile, in its latest Beige Book summary, the Fed reported that the U.S. economy is moving at a moderate pace. Investors, however, are expecting the central bank to announce a continuation of its bond buying program next year to help boost the slow-growing economy [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks Make A Reversal On [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stocks Simmer As Fed Twists Again ETF Insider: Stimulus Hopes Take Center Stage Energy ETF Cheat Sheet: Expenses, Dividends, And Returns FocusShares Turns One Year Old How Low Can Vanguard Go? Sector ETFs Get Expense Cuts
After a rather sour start, U.S. markets made a comeback late in the day following encouraging comments on fiscal cliff talks and positive signs that the Fed will continue its stimulus package next year. During a White House event, President Obama emphasized that his hope “is to get this agreement done before Christmas.” House of Representatives Speaker John Boehner also expressed optimism about the budget talks, stating that while Republicans are still opposed to raising taxes, they are willing to make the sacrifice as long as appropriate spending cuts are made. Meanwhile, in its latest Beige Book summary, the Fed reported that the U.S. economy is moving at a moderate pace. Investors, however, are expecting the central bank to announce a continuation of its bond buying program next year to help boost the slow-growing economy [see also 101 ETF Lessons Every Financial Advisor Should Learn]. Global Market Overview: Stocks Make A Reversal On [...]

Click here to read the original article on ETFdb.com.

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