Stocks Fall as Fed Sticks to Plan (Bloomberg)
Stocks fell today, as payroll and manufacturing growth slowed and the Federal Reserve announced it will continue buying bonds to support the economy. “It’s more of the same,” Kevin Holt, of the Invesco Comstock Fund in Houston, said. “The existing policy guideline kind of continues. We didn’t expect anything different out of the Fed at this point of time. We had a good run. For the market to go higher at this point, we need to see stronger economic growth, we need to see more sustainable employment growth.”
Most States Still above 10% “Real” Unemployment (CNBC)
Recent data has shown that, though the GDP may be slightly larger than current estimates, economy growth is still the worst in more than eight decades. This is evident when examining “real” unemployment numbers, which, besides the jobless, also take into account the discouraged and underemployed; only six states boast rates beneath ten percent.
Hong Kong Positive for First Month Since January (Reuters)
Wrapping up April at its highest point in seven weeks, the Hong Kong Market had its first month in the black since January. Hong Kong market benchmark Hang Seng showed gains of just over two percent for the fourth month of this year.
While the last couple of ETF Talks have focused on location-based technology exchange-traded funds (ETFs), this week’s write-up will target a key part of the industry: information technology.
In this age of communication, conveying information increasingly faster and more efficiently is of paramount importance. And an ETF that follows this trend is the Vanguard Information Technology ETF (VGT).
This non-diversified fund tracks an index which invests in companies in both
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: