FYI:After touching record highs Thursday, the S&P 500 was listless Friday with a modest pre-Memorial Day loss after Federal Reserve Chair Janet Yellen confirmed the central bank will boost interest rates this year if economic data firm.
Fed “futures contracts show that traders see a 61 percent chance that the first Fed rate hike will come this December, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts,” according to Reuters
Regards,
Ted
http://www.etftrends.com/2015/05/this-weeks-big-etf-stories-13/
