Tuesday’s ETF To Watch: Consumer Discretionary Fund (XLY)

With U.S. equity markets experiencing something of a September surge thanks to solid data points and moderating fears over the global economic situation, many investors have temporarily set aside their fears over a continued slowdown and have bought up a variety of equities. While many have ridden the stock wave in recent weeks, the economy remains on shaky ground and could tumble at the first sight of weak data. As we all know, the American consumer makes up a robust portion of economic activity in the U.S. so any data reports that come out regarding their spending are likely to move the markets. For investors seeking further clarification on this front, today looks to be a busy day thanks to a crucial earnings report from Best Buy (BBY) and advance retail sales figures for the month of August. August advance sales look to be one of the most important advance reports [...] Click here to read the original article on ETFdb.com. Related Stories: Tuesday’s ETF To Watch: Consumer Discretionary SPDR (XLY) Consumer Discretionary ETFs Surge on Confidence News Can Coach Purses And $4 Coffees Drive Consumer Discretionary ETFs?