It’s Time to be Patient With Bank ETFs
March 28, 2017 at 11:09 AM EDT
The once-hot financial services sector, the second-largest sector weight in the S&P 500, rapidly turned cold in the face of some dovish commentary from the Federal Reserve earlier this month. For example, the Financial Select Sector SPDR (NYSEArca: XLF) is off 4% over the past month. The SPDR...