Data continues to show that markets are unphased by looming rate hikes. Case in point: homebuilders, represented on the graph by SPDR S&P Homebuilders (XHB), which would traditionally be more sensitive to interest rates, are outperforming the market.
Why are homebuilders outperforming if markets fear a rate hike?
Homebuilder ETF showing yet again that the market is not focused on the Fed.
