A Sector ETF With Surprise Rate-Cut Upside Potential
August 02, 2019 at 11:18 AM EDT
Conventional wisdom dictating that financial services stocks and exchange traded funds benefit from higher interest rates and are vulnerable to the Federal Reserve lowering borrowing costs may be waning. Last year, the Financial Select Sector SPDR ( XLF A ), the largest financial services ETF, slid 13% as the Fed raised rates four times this year.