Today, everything in financials rallied, including the lifecos. Rising rates benefit them. Look at this to give you a basket of insurance companies. Today it broke new highs.
SPDR S&P Insurance ETF is a American stock, trading under the symbol KIE-N on the NYSE Arca (KIE). It is usually referred to as AMEX:KIE or KIE-N
In the last year, there was no coverage of SPDR S&P Insurance ETF published on Stockchase.
SPDR S&P Insurance ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for SPDR S&P Insurance ETF.
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0 stock analysts on Stockchase covered SPDR S&P Insurance ETF In the last year. It is a trending stock that is worth watching.
On 2023-12-01, SPDR S&P Insurance ETF (KIE-N) stock closed at a price of $45.24.
Financials have been slower to recover, only gaining strength in September-October. Still have a long way to go. If you believe we had a generational low in long-term interest rates, and we're just entering a reflationary cycle, insurance companies benefit as assets go up in price. Higher rates are really good. Also interesting are KRE and KBE. Most interesting is IAI, making new highs. As a group, financials have underperformed since 2007, so they should now have a tailwind in this environment.