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Launched on 12/16/1998, the Materials Select Sector SPDR ETF (XLB) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials – Broad segment of the equity market.
Launched on 12/16/1998, the Materials Select Sector SPDR ETF (XLB) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.
The Fed took the market at least a little bit by surprise when it decided to project two more rate hikes earlier this month. It comes as readings on consumer prices continue to slow, and as the Fed itself admits that the impact from past increases have yet to be felt on the broader economy.
For long-term investors, the Materials Select Sector SPDR Fund ETF presents a good buying opportunity. The materials sector trades at a discount, with a forward P/E of 16.7 versus the S&P 500's 18.5 times forward earnings, offering potential upside. The chemicals industry's earnings growth power is likely to support the share price and dividends.
China's central bank announced some modest easing as it seeks to boost industrial activity. Though this is a small move, additional easing is probable and very much needed, especially given recent employment data in China. Investors should view this move as bullish for industrial stocks, as well as for ETFs like the Materials Select Sector SPDR Fund ETF (XLB).
El Nino, the periodic weather phenomenon characterized by an abnormal warming of the Pacific Ocean, has set in 2023.
The Materials Select Sector SPDR ETF (XLB) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Materials - Broad segment of the equity market.
The global economy has been struggling with high price inflation for more than a year. These sectors and their ETFs tend to perform better in a high inflationary environment.
Materials stocks, sensitive to the economic cycle, have come under pressure considering renewed recession jitters. The USD has rebounded but is very tame at the moment - watch the greenback for key implications on XLB.
Sector ETF report for XLB