Daily ETF Roundup: Fiscal Olympics – Fed And ECB Facing Hurdles

Anticipation was the name of the game today. Investors across the globe continued to place bets on central bankers picking up the “economic slack”, hoping that further stimulus is on the way. With the elusive safety net seemingly ready to swoop in at any time, traders flooded the markets, extending gains for the third straight day. Today’s rally followed Federal Reserve Bank of Boston President Eric Rosengren’s comments yesterday, where he urged the central bank to launch an aggressive open-ended bond buying program to boost the economy. Investors seem to agree with Rosengren’s call to action, placing all their hopes in the Fed and the ECB to essentially clean up the global economic mess [see Announcing The ETF Analyzer: Even More Data At Your Fingertips]. Global Market Overview: Fiscal Olympics – Fed And ECB Facing Hurdles Led by energy equities, the S&P 500 finally closed above the psychologically significant 1400 [...] Click here to read the original article on ETFdb.com. Related Posts: Which Sector ETFs Are Cheap? 101 ETF Lessons Every Financial Advisor Should Learn September ETF Data: Back Below $1 Trillion April ETF Data: Assets Set Record, EEM Strikes Back Oklahoma ETF, Texas ETF To Shut Down