Wall Street On Pace For Best June In Decades: 5 Best ETFs
Zacks Investment Research | Jun 18, 2019 11:15PM ET
After the May swoon, Wall Street staged a strong comeback on hopes of monetary easing across the globe. Early this month, Fed hinted at rate cuts given the implications of the trade tensions on the economy. Aggravating trade disputes, global recession fears and bouts of weak data triggered speculation of rate cuts.
The European Central Bank also pledged stimulus if economic condition in Europe does not improve. Australia’s central bank recently slashed benchmark rates to a record low of 1.25%. Last month, New Zealand’s central bank cut its benchmark interest rate for the first time in two-and-a-half years. India also cut interest rates for the third time this month. Many other countries are also expected to cut rates in the coming weeks or months.
The U.S.-Mexico deal, slew of mergers and acquisitions and expectation of resuming U.S.-China trade talks next week added to the strength (read: Zacks Investment Research
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