Stocks have been rising since the bottom made in October 2011, and this year the Dow has gained 8%, the S&P 500 is up 12%, the Nasdaq is up 18%, and the Russell 2000 has gained 5%.
Despite the fact that the Federal Reserve may not attempt QE3, the notes from the latest FOMC meeting indicated that the Fed will continue to be supportive of low interest rates and “will step in if necessary.”
While second-half earnings are in question and volume and breadth suggest that a consolidation is due, the bull market is still in its infancy. The public has mostly been absent, put off by a “wall of worry” that appears to be growing — and that is a positive for stocks.
The economy is growing more modestly than we would like, but there are many opportunities in the exchange-traded fund (ETF) area from which investors can benefit, especially in the building and health care sectors.
Here are the top ETFs to buy for April: