ETFs Sell Off On Hawkish FED Statement

Investor’s Business Daily reported that antsy investors fled the stock market on hawkish FED statement at the end of it’s 2 day FOMC Meeting. IShares Barclays 7-10 Year Treasury Bond Fund (IEF) fell 0.9% in the stock market to 101.40. Yields on the benchmark 10-year government bond, which move opposite to prices, climbed 10 basis points to 2.77%.

SPDR S&P 500 (SPY) fell 0.52% to 186.60, though it was down as much as 1% before rallying near the close. IShares MSCI EAFE Index (EFA), tracking developed foreign markets, tumbled 1.3% to 65.2. IShares MSCI Emerging Markets Index (EEM) plunged 2.2% to 38.58.

SPDR Gold Shares (GLD) fell 2% to 128.10. It appears to be a normal pullback after outperforming the stock market for three months. GLD has rallied 12% in that period while SPY added 3%. Outlook on gold is bullish. If you are interested in learning how to invest in ETFs, you should watch these ETF Income Engine training videos in which Bill Poulos shows how to make 23% annual return with low risk by trading ETFs not more than 20 minutes each week. Especially you need to download the ETF Income Engine ProfitBlazer Method FREE PDF that explains a the rules for going long/short on ETFs. The second training  video explains how to select the best ETFs using a simple 3 step filter that keeps you away from the bad markets and has a winrate above 80.7%.

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