(Harvest) In the post-election equities rally, financials were among the top returning sectors in the U.S. Since their early March peak, however, the sector has incurred greater losses than those of the broader market. The initial optimism was premised on the anticipation of a friendlier regulatory environment and rising interest rates. While the Federal Reserve (Fed) delivered on the latter, details on culling the regulatory overhang faced by financial firms have yet to materialize.
A Rising Rate Environment Helps, but Don’t Look Past other Opportunities
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