These Two ETFs Are the 'No Hike' Scenario Winners

According to the CME FedWatch tool, the odds of a rate hike at the Fed’s September meeting have sunk to a new low at just 32.14%, paving the way for new equity highs. Both ETFs were among the strongest-performing S&P 500 sector funds yesterday, rising by 2.07% and 1.42%, respectively. Their outperformance is a positive sign, particularly for the former, which is still down about 4.8% year to date. Long-Duration XLC Growth Gets a Re-Rating “We expect Netflix to compound revenue at a double-digit growth rate, with content costs growing more slowly than revenue driving continued margin expansion,” he said in an investment letter. The disclosure helped push Netflix shares up more than 3%, adding momentum to the broader communication-services group. Yet, the appeal of XLC extends far beyond a handful...