Varying Bank Outlooks Could Highlight RYF Utility
December 16, 2022 at 08:52 AM EST
Considering that the Federal Reserve raised interest rates seven times this year, rate-sensitive financial services stocks disappointed investors, as highlighted by a year-to-date decline of 13% for the S&P 500 Financial Services Index. While that’s better than the broader market, it is a reflection of market participants’ expectations that a recession could arrive in 2023, [...] The post Varying Bank Outlooks Could Highlight RYF Utility appeared first on ETF Trends .
