Despite a gloomy September jobs report, the bad news is good news mantra was back in play last Friday as all three major U.S. indexes finished the day with gains well in excess of one percent. However, traders and investors still face ample indecision with which to contend in the coming week.
Now that the fourth quarter has started, market participants can start bracing for third-quarter earnings reports. In the week ahead, there are a just a few marquee names report, but one earnings-related play from the world of exchange traded fund to be mindful of is the Consumer Discretionary Select SPDR (NYSE: XLY) because several of the companies stepping into the earnings confessional this week hail from the discretionary sector.
“Overall, corporate earnings are expected to fall by 4.1 percent, according to Thomson Reuters data. That figure is skewed, however, by an expected 65 percent fall in energy sector results,” Reuters reports.
Last week's top asset-gathering ETFs shed little light on what traders are feeling about the Federal Reserve's plans for interest rates. The ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5885474/etf-week-ahead-preview-proving-them-right-or-wrong alt=ETF Week Ahead Preview: Proving Them Right...Or Wrong>Full story available on Benzinga.com
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