The Latest News:
- U.S. stocks have broken through to record highs as the economy recovers.
- “The stock market is energized by the stronger macro trends that we’re seeing,” Jim Russell, a senior equity strategist for U.S. Bank Wealth Management, said in a Bloomberg article. “The fundamentals are filling in for a market that has been primarily Fed-driven. We think that is a healthy and sustainable development that has some momentum into 2014.”
- While Fed tapering and rising rates are potential headwinds, the U.S. equities market is still gaining momentum as traders focus on better economic data.
- “The U.S. is doing better, the recovery is there,” Stephane Ekolo, a strategist at Market Securities, said in the Bloomberg article. “We’ve been playing the tapering news for some time, but the market has come to terms with the fact that it is a minor withdrawal of stimulus, and that in any case it means the economy is doing better. It is a good sign.”
iShares MSCI USA Quality Factor ETF
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Max Chen contributed to this article.