Deck the Banks with Boughs of Rate Hikes: Financial ETFs Suffer
December 20, 2018 at 08:30 AM EST
The capital markets were hoping for doves before Christmas, but it was on Dasher, on Prancer and on with more rate hikes by the Fed on Wednesday. As such, financial exchange-traded funds (ETFs) declined on the notion that more rate hikes could hurt business in 2019. Financial Select Sector SPDR...
