2024-01-26 03:33:33 ET
Summary
- The article evaluates the SPDR S&P Regional Banking ETF as an investment option at its current market price.
- Regional banks had a volatile year in 2023 and finished the year with a strong Q4. I am not buying the recent bullishness and see big headwinds clouding the investment case.
- I have been cautious on this theme and saw limited potential for KRE, which has been proven right in hindsight. This outlook is still my base case for the year ahead.
Main Thesis & Background
The purpose of this article is to evaluate the SPDR S&P Regional Banking ETF ( KRE ) as an investment option at its current market price. This is a fund with an objective to "provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Regional Banks Select Industry Index"....
Read the full article on Seeking Alpha
For further details see:
KRE: I Don't Love The Regional Banking Story