Three ETFs To Watch This Week: FXF, WMH, XLI

This week saw markets battle to make gains, as the majority of trading days ended relatively flat thanks to a lack of market moving news. News of an extension of the Bush-era tax cuts has been toying with markets all week as investors anxiously await to see if the deal between President Obama and the Congressional Republicans will be able to push through the Democrats’ roadblock. If the bill is passed, it will likely boost consumer spending and growth, but at the same time will add to our already-large deficit, as the government will not be funding the tax break with spending cuts but with debt instead. An addition to the deficit could be dangerous for the U.S. as it was just released that the November federal budget deficit was the highest on record, coming in a $150.4 million, 25% higher than for [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Watch This Week: EWI, BNZ, FXF Three ETFs To Watch This Week: EWC, FXA, EWL Three ETFs To Watch This Week: EWG, MOO, FXS