Markets are firing on all cylinders after recently making new all-time highs. Here are the ETFs to watch for the week of Monday, August 25, 2014:
Financial Select Sector SPDR (NYSE: XLF)
The financial sector benchmark ETF finally broke out to new highs after Bank of America (NYSE: BAC) announced it had settled allegations of wrongdoings in its mortgage unit for $16.65 billion. The news of the liability resolution/risk reduction catapulted Bank of America higher along with several other large financial institutions in XLF.
This sector has struggled amid the combination of regulatory issues and a falling interest rate environment that has slowed investor demand. However, it is certainly one to watch this coming week ...
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