Strong data, whiff of inflation, tapering talks have kept market focused on the potential for rising rates, says Simeon Hyman of Proshares. 1Q earning beat expectations by nearly 25%, more than enough to support stocks, he adds. Proshares Nasdaq 100 Momentum EFT (QQQA) is an equally weighted structure that minimizes some of the concentration risk, and could be a good way to stay invested in tech, Simeon points out. He also explains their Investment Grade Interest Rate Hedge ETF (IGHG).
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