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- On Thursday, the S&P 500 and the broad equities markets experienced their largest decline in two months.
- Traders are growing wary about how quickly U.S. interest rates will rise, along with the potential negative effects it will have on stocks in the months ahead, Reuters reports.
- Looking ahead, volatility is likely to increase as investors wait for the Federal Reserve to normalize its monetary policy.
- “Given the length and magnitude of the current accommodation, there’s a chance we’ll react more negatively when the Fed hikes rates than the market has in the past,” Leo Grohowski, chief investment officer at BNY Mellon Wealth Management, said in the article.
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Max Chen contributed to this article.