It is not a stretch to say nearly all market participants know the Federal Reserve meets this week, nor is it a stretch to say those market participants are divided over whether or not the central bank will proceed with raising interest rates.
Fed funds futures indicate traders are not betting the Fed boosts borrowing costs and there is no shortage of commentary and punditry opining that the Fed has missed its window of opportunity to raise rates.
Bottom line: The Fed will or will not raise interest rates this week. Bottom line, part two: Some sectors outperform others immediately following and for months after a Fed rate hike. As Benzinga reported last week, Bank of America Merrill Lynch examined the sectors that perform well after Fed liftoff, those that disappointed and those that were somewhere in the middle. Bank of America used the prior six tightening cycles beginning March 1983, January 1987, March 1988, February 1994, ...
/www.benzinga.com/analyst-ratings/analyst-color/15/09/5834437/dont-mess-with-these-etfs-if-interest-rates-rise alt=Don't Mess With These ETFs If Interest Rates Rise>Full story available on Benzinga.com
More...