The financial sector, though, could begin to strengthen this year as the Federal Reserve is expected to hike rates, which would bolster profits from lenders.
“Financials did decent in 2014, but they have more upside this year, especially if interest rates start to go up, which means more interest money for them—whether its mortgages or deposits,” J.J. Feldman, managing director and portfolio manager at Miracle Mile Advisors, said in the article. “This finally could be the year that everyone’s been talking about for the last five year where rates actually go up.”
Financial Select Sector SPDR
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