What Central Banks Hiking Rates Means For Markets

<p>Following the Federal Reserve’s recent actions, Jeffrey Kleintop looks to bonds and overseas for insight into the current market environment. Kleintop says with rising bond yields, favoring shorter duration bonds may provide some protection against rising rates and that short-duration stocks can provide a hedge against rising yields. Within stocks Kleintop finds favorable, he says the materials and financial sectors tend to have more low price-to-cash-flow stocks. </p><p><br></p>