Following a March terrorist attack in Brussels, Belgium, many areas of the economy were rattled as investors worried what threat this could have on a variety of industries. As Investor’s Business Daily reports, both travel and airline stocks sputtered, as several flights were cancelled. People “became fearful of traveling to Europe,” added Frank Holmes, CEO of U.S. Global Investors.
Although the U.S. Global Jets ETF (JETS), which invests in the airline industry, fell after the attacks, it bounced back rallying off its lows. Frank points out that JETS saw above average volume during this time, an interesting movement that could possibly mean opportunity for investors to buy on the dips.
Article summary written by U.S. Global Investors.