PowerShares Dynamic Retail Portfolio
Retailers ran into steep headwinds this week as the string of disappointing economic data reports weighed heavily on investor outlooks. PMR's quick, steep three-day decline sent shares tumbling back to levels last seen at the start of April.
Despite its poor action this week, the retail industry remains a point of interest. As the consumer continues to recover, the companies underlying funds like PMR and
SPDR S&P Retail ETF
could exhibit some strength.
SPDR KBW Bank ETF
The spattering of weak economic data weighed heavily on the financial industry, pushing KBE to industry-leading losses. KBE's index is designed to take a broad approach to this corner of the marketplace, exposing investors to both Wall Street giants and smaller, more volatile regional institutions.
Banking goliaths such as
Bank of America
faced added pressure this week following reports that Moody's (MCO) was placing them on review for a possible downgrade.
Written by Don Dion in Williamstown, Mass.