Emerging markets have begun to stabilize, and Janet Yellen, the new Fed chair, remains committed to stimulus cuts. That should allow for a widening of the yield curve in coming months.

If interest rates do trend higher for the remainder of the year, expect the iShares Select Dividend (DVY) to lag the overall performance of the SPDR S&P 500 (SPY).

SHY Chart

SHY data by YCharts

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Andrew Sachais' focus is on analyzing markets with global macro-based strategies. He takes into consideration global equity, commodity, currency and debt markets. Sachais is a graduate of Georgetown University, where he earned a degree in Economics.

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