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VFH - Vanguard Financials ETF: A Gamble For Dip Buyers
Vanguard Financials
2023-03-25 06:18:57 ET
Summary
The price drop of Vanguard Financials ETF does not seem to be a buying opportunity given that the fundamentals of the financial sector are likely to continue to worsen.
Despite the failure of several regional banks, the Fed's policy of continuing to raise interest rates increases the risk of contagion.
A looming recession and challenging consumer financial markets would add to the challenges.