The better-than-expected jobs number publicized March 6 sent the market into a downward spiral, as many believe a 2015 rate hike has become more plausible, ending the Federal Reserve's five-year zero interest rate policy.
Sectors that have been affected the most are those that investors have flocked to the last couple years for their high yields in lieu of low-bond yields. Now that bond yields are jumping on an anticipated rate hike, many investors are dumping holdings in the utility, REIT and other high-yield sectors.
Additionally, as the U.S. prepares for monetary tightening and Europe continuing its quantitative easing program, the dollar will continue to be positively affected through 2015.
Highlighted below are a number of ETF that have been affected in some way by the positive jobs numbers and will be moving ahead of an anticipated interest rate hike by the Fed.
SPDR Gold Trust
The SPDR Gold Trust (ETF) (NYSE: GLD) is an index that tracks movement of the gold futures market. Historically, a rise in the U.S. dollar will have a bearish effect on the precious metal and commodities ...
/www.benzinga.com/etfs/sector-etfs/15/03/5313750/etfs-moving-on-looming-fed-rate-hike alt=ETFs Moving On Looming Fed Rate Hike>Full story available on Benzinga.com
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