Lehman High Yield Bond Fund To Perform Well (JNK, FXY)

Markets are performing well this week. However, Tom Lydon, editor of ETF Trends, has said that he is cautious about the future.

In an interview with CNBC, he pointed out that although retails sales are higher this month, the sales of luxury goods are down. He has also expressed his concerns about the upcoming quarterly earnings announcements, which he says might be disappointing.

He, however, said that he would like to play in the market by investing in ETFs. He likes SPDR Lehman High Yield Bond Fund (NASDAQ: JNK) and Currencyshares Japanese Yen Trust (NASDAQ: FXY).