After touching record highs Thursday, the S&P 500 was listless Friday with a modest pre-Memorial Day loss after Federal Reserve Chair Janet Yellen confirmed the central bank will boost interest rates this year if economic data firm.
Fed “futures contracts show that traders see a 61 percent chance that the first Fed rate hike will come this December, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts,” according to Reuters.
This week’s top ETF stories include some rising rates ideas.
Broad Market/Sector ETFs
The big solar ETF parts with a pesky problem. [Solar ETF Ditches Hanergy]
A leveraged industry ETF idea to consider now. [Time for Semiconductor Leverage]
Not perfect, but this ETF is really, really good.
Pros departed bank ETFs too soon. [Pros Missed the Bank ETF Rally, Too]
Consider this consumer discretionary ETF as the U.S. economy improves. [Try This Consumer Discretionary ETF]
Inside another buyback ETF.