Amid the wild swings in the stock market, the technology sector emerged as the biggest winner while banks lost billions.
Advocate Rising Rate Hedge ETF (RRH) was the top-performing ETF of February, having gained about 16%. The rally was driven by fears that the Fed will keep raising rates for longer than expected.
Wall Street was downbeat in February on rising rate worries. Re-accelerating inflation data triggered the bets for a more hawkish Fed this year.
Wall Street lost all its sheen in February on fears that the Fed will keep raising rates longer than expected. Still, a few corners of the stock market are outperforming.
Bank of America's chief economist Michael Hartnett recently predicted a "no landing" scenario in the first half of 2023.
U.S. treasury yields jumped following the release of upbeat U.S. economic data points.
Wall Street was downbeat last week. The S&P 500 and the Nasdaq recorded the worst week since December.
Wall Street recorded a moderate performance last week. But the final week of the year was not that bad. This was probably because of the muted Santa Clause rally.
After struggling a lot in recent years, hedge fund ETFs won in 2022.
UK Alphadex Fund First Trust, GlobalX MSCI China Real Estate ETF, US Natural Gas Fund, Simplify Interest Rate Hedge ETF and Advocate Rising Rate Hedge ETF are included in this Analyst Blog.