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BDCZ - Are The Stars Finally Aligned For U.S. Financial Stocks?
ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26 2041
2024-04-09 08:05:00 ET
Summary
Market and industry trends are shining on US financial stocks, whose fortunes might be changing for the better across diverse sub-industries.
Sentiment has started to shift. Financial stocks rallied in the last five months, signaling growing investor confidence that a wider systemic meltdown has been averted.
First-quarter trends suggest that market returns may be poised to broaden. That’s good news for financials.
By Kurt Feuerman & Anthony Nappo, CFA
Market and industry trends are shining on US financial stocks, whose fortunes might be changing for the better across diverse sub-industries....