FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022. REUTERS/Brendan McDermid/File Photo
NEW YORK (Reuters) - U.S. retail investors have been dip-buyers so far in 2022, snapping up equities that funds have shed from their portfolios in light of a more hawkish Federal Reserve, but with a focus on quality stocks as opposed to speculative names.
Growth and technology stocks, which typically generate lower returns in higher-interest rate environments, have had a rocky start to the year as big investors respond to expectations the Fed will raise interest rates as many as four times in 2022, driving short-dated Treasury yields to nearly two-year highs.