President Van Rompuy addresses to the press conference of the Eurozone Summit, Brussels, 23 October 2011 (Photo credit: President of the European Council) |
“Naturally, the markets crave virtually any upside surprise from Eurozone summits. Of course, a band-aid may stop skin from bleeding, but it cannot cure an infection. Expect more flare-ups out of the region in the months ahead,” Gary Gordon for ETF Expert said.
The five market segments near 52-weak highs include: Non Cycylical Stock ETFs such as the Vanguard Utilities (NYSEArca: VPU), and the SPDR Select Consumer Staples (NYSEArca: XLP) have hit new one year peaks. These sectors are not reliant on GDP reports. Consumer stocks are steady performers and many of the companies in this sector provide low-cost necessities that report reliable sales every year. [Why Consumer Staples ETFs are Holding Their Own]
No comments:
Post a Comment