Obama Victory Puts Healthcare ETFs In Focus
While some American’s were elated with Obama’s re-election, Wall Street made it quite clear who it had voted for as markets took a sharp nosedive in a post-election sell off immediately following the President’s victory. To many investors, Obama’s re-election has placed looming concerns over the Fiscal Cliff to the forefront, as the automatic round of massive spending cuts and tax hikes now seem inevitable come January 1. And with Democrats maintaining control of the Senate and Republicans dominating the House, many remain understandably concerned about the split Congress coming up with a viable resolution [see 101 ETF Lessons Every Financial Advisor Should Learn]. For investors, however, Obama’s re-election will undoubtedly have an impact on everyone’s bottom line, with taxes being the main concern. But, of course, on Wall Street, there is always a winning play. Obama’s victory has already benefited one corner of the market – healthcare, a sector that has a promising future as the President’s win locks [...] Click here to read the original article on ETFdb.com. Related Posts: Will Obamacare Put Healthcare ETFs On Life Support? ProShares Launches 2x Leveraged, Inverse Biotech ETFs (BIB, BIS) 10 Equity ETFs That Surged In 2011 (And Might Do The Same In 2012) New Pharma ETN (DRGS) Hits The Market Is Your Biotech ETF A Leader Or Laggard?
While some American’s were elated with Obama’s re-election, Wall Street made it quite clear who it had voted for as markets took a sharp nosedive in a post-election sell off immediately following the President’s victory. To many investors, Obama’s re-election has placed looming concerns over the Fiscal Cliff to the forefront, as the automatic round of massive spending cuts and tax hikes now seem inevitable come January 1. And with Democrats maintaining control of the Senate and Republicans dominating the House, many remain understandably concerned about the split Congress coming up with a viable resolution [see 101 ETF Lessons Every Financial Advisor Should Learn]. For investors, however, Obama’s re-election will undoubtedly have an impact on everyone’s bottom line, with taxes being the main concern. But, of course, on Wall Street, there is always a winning play. Obama’s victory has already benefited one corner of the market – healthcare, a sector that has a promising future as the President’s win locks [...]
Click here to read the original article on ETFdb.com.
Related Posts:- Will Obamacare Put Healthcare ETFs On Life Support?
- ProShares Launches 2x Leveraged, Inverse Biotech ETFs (BIB, BIS)
- 10 Equity ETFs That Surged In 2011 (And Might Do The Same In 2012)
- New Pharma ETN (DRGS) Hits The Market
- Is Your Biotech ETF A Leader Or Laggard?
