Friday’s ETF To Watch: ETFS Physical Platinum Shares (PPLT)

Thanks to a surprisingly solid reading from the Chicago PMI yesterday, many investors are growing increasingly optimistic that the economy has bottomed out in the near term. The reading crushed analyst expectations by close to eight points and many speculate that renewed production in the automotive sector may have been a large reason for the boost. Due to this speculation, many investors look to have their eyes on today’s Motor Vehicle Sales report for further clarification on this trend. Motor vehicle sales have been extremely rocky as of late, largely due to the weak domestic economy and supply problems stemming form the Japanese tsunami in March. Thanks to these events, sales have plummeted from a seasonally adjusted annualized rate of about 10 million cars down to just over nine million in last month’s reading. However, investors are looking for supply problems to ease this month and all analysts expect a [...] Click here to read the original article on ETFdb.com. Related Posts: May ETF Roundup: Launches, Filings, and Closures Global X Enters Auto ETF Race With Launch Of VROM ETF Filings: Real Return, Equal Weighting, Mortgage REIT Funds On Tap Commodity ETFs: It Takes Two To Contango Wednesday’s ETF To Watch: First Trust Global Auto Index Fund (CARZ)