Daily Traders Edge

Opinion: These are the bank stocks to buy — and sell — after this Fed-fueled run – MarketWatch

December 15
15:46 2016

It’s official: The Federal Reserve has raised interest rates, as everyone expected.

But where does that leave investors, since the market clearly already priced in this run?

Over the last several weeks, the rotation into cyclical stocks has been quite dramatic. While the S&P 500 index is up about 7% since Nov. 1, the Energy Select Sector SPDR ETF XLE, +0.22%  has climbed about 12% and the iShares U.S. Financials ETF IYF, +1.17%   has jumped about 13% in the same period.

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