Financial stocks are finally getting some love. The collapse in bond yields since November and the about-face by Federal Reserve Chair Jerome Powell lit some fire under the value bulls. Now, when we look at the ratio of financial stocks to tech stocks , it’s clear that the real beneficiary here of financial conditions easing are, surprise surprise, the banks themselves. When we zoom out, financial stocks look interesting as a potential sector leader. The memory of the regional bank crisis in March still haunts the sector, serving as a reminder of the vulnerability of financial institutions to sudden shifts in economic conditions…
Next Year’s Magnificent 7 Could All Be Financial Stocks
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