7 Equity ETFs Excel In Goldilocks Scenario While Market Ponders Fed Rate Hike Outcome
Portfolio Pulse from Piero Cingari
Despite non-farm payrolls surpassing expectations and an uptick in the unemployment rate, the economy is in a 'not too hot, not too cold' state. This has led to a positive response from risk assets, especially stocks. The S&P 500 index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), has risen by 2.8% this week. Other ETFs that performed well include VanEck Oil Services ETF (NYSE:OIH), SPDR Metals & Mining ETF (NYSE:XME), SPDR S&P Oil & Gas Explor & Production (NYSE:XOP), SPDR Regional Banking ETF (NYSE:KRE), Energy Select Sector SPDR Fund (NYSE:XLE), iShares MSCI Emerging Markets ETF (NYSE:EEM), and iShares Russell 2000 ETF (NYSE:IWM).
September 01, 2023 | 3:43 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Emerging Markets ETF has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the iShares MSCI Emerging Markets ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares Russell 2000 ETF has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the iShares Russell 2000 ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Regional Banking ETF has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the SPDR Regional Banking ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The VanEck Oil Services ETF has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the VanEck Oil Services ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust has risen by 2.8% this week due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the S&P 500 index which is tracked by the SPDR S&P 500 ETF Trust.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Energy Select Sector SPDR Fund has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the Energy Select Sector SPDR Fund.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Metals & Mining ETF has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the SPDR Metals & Mining ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P Oil & Gas Explor & Production has risen due to positive economic data.
The positive economic data has led to increased confidence in the market, leading to a rise in the SPDR S&P Oil & Gas Explor & Production.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80