Exchange traded fund (ETF) investors cheered from the sidelines today as the S&P’s 500 index and Dow Jones’ industrials soared to all-time highs today. Strong retail sales news helped give investors optimism regarding the economy. The Dow posted the biggest one-day percentage gain in nearly four years; up 270 points.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.