The bulls returned on Wall Street this week, kicking off the month of July with a bang. Fueling the rally was a slew of upbeat economic reports; ISM manufacturing PMI came in at 50.9, construction spending rose to its highest level in nearly four years, while both auto sales and factory-orders beat analysts’ expectations. Meanwhile, investors will be keeping a close eye on employment data, slated to come out today before the opening bell; analysts expect the unemployment rate to remain unchanged at 7.1%, while non-farm employment is expected to come in at 162K [see 25 Wild ETF Charts From 1H 2013].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Is gold trending towards $1,100 an ounce? (Andrew Thrasher)
- How the bond market can help you trade stock index ETFs (NAS Trading)
- You will want to see these 10 disturbing charts (Economic Greenfield)
- Rising yields could be a bullish signal for stocks (Futures Magazine)
- Hedging the S&P 500 with the new TRSK and SPXH ETFs (Six Figure Investing)
- The bond bull market isn’t dead yet – here’s why (Alhambra Investment Partners)
- It may pay off to be a Europe bull (Blackstone)
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Disclosure: No positions at time of writing.