December 17, 2012 at 13:59 PM EST
ETF Insider: No Real Fuel Behind The Fire
Optimism appears to be the only catalyst behind the ongoing run-up on Wall Street for the last few weeks as policymakers have yet to agree upon a clear-cut deal for averting the “fiscal cliff”. Hope continues to fuel buying on the equity front, although caution should be exercised as any pessimistic headlines can easily derail the whole market given its shaky footing. The latest round of confidence comes from House Speaker Boehner who reportedly told President Obama that the Republicans may accept higher taxes for the wealthy if Democrats budge on the issue of reduced Medicare and Social Security spending [see Free 7 Simple & Cheap All-ETF Portfolios]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: SPDR Homebuilders ETF : Domestic homebuilders will come into the spotlight on Wednesday morning as investors digest the latest housing [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Uptrend Remains For Now ETF Insider: Do Fundamentals Justify The Wall Street Rally? ETF Insider: Beware Of Earnings Volatility ETF Insider: Run For The Hills ETF Insider: Earnings, The Fed, And Spain Oh My!
Optimism appears to be the only catalyst behind the ongoing run-up on Wall Street for the last few weeks as policymakers have yet to agree upon a clear-cut deal for averting the “fiscal cliff”. Hope continues to fuel buying on the equity front, although caution should be exercised as any pessimistic headlines can easily derail the whole market given its shaky footing. The latest round of confidence comes from House Speaker Boehner who reportedly told President Obama that the Republicans may accept higher taxes for the wealthy if Democrats budge on the issue of reduced Medicare and Social Security spending [see Free 7 Simple & Cheap All-ETF Portfolios]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: SPDR Homebuilders ETF : Domestic homebuilders will come into the spotlight on Wednesday morning as investors digest the latest housing [...]

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

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