U.S. stocks are once again hitting new highs and a wide range of sectors throughout the market fuels the rally. Even though the bull market is nearly six years in age, there are a large number of investors looking to put more money to work. Any type of pullback in the strongest sectors may provide buying opportunities for long-term investors.
Highlighted below are two ETFs that have performed well and could benefit from the buying opportunity a pullback provides.
Select Sector Financial
The Select Sector Financial Slct Str SPDR Fd (NYSE: XLF) tracks 87 companies in the financial sector with banks making up 36 percent of the portfolio.
The top individual ...
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