(CNBC) Buying bank stocks two months before a December rate hikeworked every time since 1990, as investors consistently bet on the industry to get a year-end profit boost from the Federal Reserve’s move, history shows. After the strong wage growth figure in Friday’s jobs report, traders now give an increase at the Fed’s meeting ending Dec. 13 a greater than 90 percent chance, according to the CME’s FedWatch tool.
It Looks Like We’re Getting a December Rate Hike and This Trade Works 100% of the Time Before One
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