While market momentum has somewhat stalled, with growing pessimism over an uncertain outlook, exchange traded fund investors may still find some opportunities.
On an upcoming webcast this Wednesday, Expert Mid-Year Outlook & Strategy: Bernstein, RiverFront, and Deutsche Asset Management, Peter Hooper, Managing Director & Chief Economist at Deutsche Bank Securities, Richard Bernstein, Chief Executive Officer of Richard Bernstein Advisors, Michael Jones, Chairman & Chief Investment Officer of RiverFront Investment Group, and Theresa Brennan, ETF Investment Specialist at Deutsche Asset Management, will reflect on the first half o the year and outline a path for the remainder of 2016.
Year-to-date, the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) gained 3.5%, SPDR S&P 500 ETF (NYSEArca: SPY) rose 3.0% and PowerShares QQQ (NasdaqGM: QQQ) dropped 3.7%.
Related: ETF Investors Are Buying the Dips
The equities market largely moved higher after a sell-off over the past week. U.S. stocks bounced Tuesday as investors brushed off Federal Reserve Chairwoman Janet Yellen’s remarks before Congress and focused on the upcoming United Kingdom referendum vote on European Union membership.
In Congress, Yellen said that while the Fed expects gradual rate increases later, “considerable uncertainty about the economic outlook” has been a more pressing issue, the Wall Street Journal reports.
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