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2 ETFs To Consider Buying (And 1 To Avoid) This Week

2 ETFs To Consider Buying (And 1 To Avoid) This Week
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.

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Stock ETFs Languish as Investors Eagerly Await Powell


Invesco QQQ Trust (QQQ) are both selling off as of 1 PM EST.
Stocks, especially tech stocks, are getting spooked once again with the 10-year Treasury yield breaking to new highs after last Friday. The 30-year rate jumped to 2.428% meanwhile, its loftiest level in nearly a year and a half. Higher rates are damaging to the value of future cash flows, which puts growth-oriented companies at a disadvantage.
Wednesday is also an important day for investors and traders, as the Federal Reserve will detail new economic and interest rate projections, which may suggest Fed officials could raise rates as soon as 2023, given the recent developments with the vaccine rollout and declining coronavirus infection rates in some states. ....

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