Looking toward the mid-term outlook, financials are heavily reliant on the Federal Reserve’s interest rate plans. According to Goldman Sachs Group, a further delay in the interest rate hike would create risks for banks and negatively affect guidance, reports Kristen Scholer for the Wall Street Journal.

Financial Select Sector SPDR

For more information on the financial sector, visit our financial category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own shares of IYF and SPY.

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