After some initially volatile trading following Bernanke’s speech this morning, U.S. stocks rose sharply with the Dow up 130 points as this is being written. Both the NASDAQ and S&P 500 are up as well as the S&P edges close to its longest rally since earlier in March of this year. Bernanke reported that no further quantitative easing was imminent in the short-term, but kept the prospect of bond buying open for the near future. The consumer sentiment index from the University of Michigan jumped to 74.3 this month from 72.3 in July, while the manufacturing sector saw a rise of 2.8% in factory orders according to a report from the Commerce Department released today.
The 5 ETFs with the Greatest Real-Time Edge right now are:
- iShares MSCI Spain Index Fund (EWP)
- Market Vectors Russia ETF (RSX)
- iShares FTSE China 25 Index Fund (FXI)
- Utilities Select Sector SPDR Fund (XLU)
- iShares MSCI Malaysia Index Fund (EWM)
To learn about the complete list of Real-Time Edges of all liquid stocks and ETFs, please click here.