Given president-elect Trump’s promise to repeal the financial regulations ushered in under Dodd-Frank and the potential for his fiscal stimulus and tax-cut plans to bring an end to the era of low inflation, it is not surprising investors have been flocking to financials, making the sector one of the biggest beneficiaries of Trump’s victory. Why, then, does the author of today’s article argue that investors have “blindly taken [Trump’s win] as a reason to buy bank stocks” and caution against following the herd? What does he suggest as a better way to play financials? CLICK HERE to find out.
Are Investors Blindly Banking On Bank Stocks?
- by Bob Mitchell