The Latest News:
- “The U.S. markets are going through a transition from being liquidity driven to a rally based on fundamental data and that’s a very bumpy ride,” Andres Garcia-Amaya, global market strategist at JP Morgan Funds, said in a Bloomberg article.
- “Investors are trying to figure out whether we are now pricing in earnings and the jobs situation or whether it’s still the Fed leading markets. So we’re slowly taking off the training wheels and that makes things a little wobbly,” Garcia added.
- The broad stock markets experienced a rough two weeks as investors pulled out on speculation that the Fed cut back its quantitative easing measures. [S&P 500 and Dow ETFs Test 50-Day Moving Average]
- “There’s some trader anxiety lingering from yesterday’sbig move down,” Michael James, a managing director of equity trading at Wedbush Securities Inc., said in the article. “The market is testing the 50-day moving average on the S&P 500.”
WisdomTree LargeCap Dividend Fund
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Max Chen contributed to this article.