What happens when Fed Chairman Ben Bernanke says rate hikes might slow down? Financial exchange trade funds reach new highs. Murray Coleman of Investors Business Daily called to talk about the financial ETFs. As I mentioned, the key is to look at some of the components in the ETFs, specifically Financial Select Sector SPDR (XLF). Earnings have been strong for most of its banking and money management stocks, which should help drive more future growth.
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