Erik Oja

Fed fund futures now say traders are paring bets that the Federal Reserve will raise interest rates later this month; but in August, inflows to financial services exchange-traded funds indicated otherwise. Financial services, the S&P 500's second-largest sector allocation behind technology...

Financial services stocks and exchange-traded funds have disappointed in the wake of the Federal Reserve's December interest rate hike, the first such action by the U.S. central bank in nearly a decade. For example, the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF), the largest...

The Federal Reserve is just days away from raising interest rates for the first time in nearly a decade. At least that is the point of view being reflected by Fed funds futures. That point of view is also being reinforced by investors' enthusiasm for financial services exchange funds, namely...