U.S. Equities Keep Soaring, But Some Sectors Remain Unloved There should be substantial leverage to the upside in financials and energy when interest rates rise, writes ClearBridge's Michael Clarfeld. Michael Clarfeld | May 13, 2021 We are as bullish on the fundamental U.S. economy—and increasing gross domestic product (GDP)—as we have ever been. Part of that is coming off such a terrible year, in 2020. It is also rooted in the combination of continued progress on vaccinations that will allow people to get out and about again, the tremendous amount of pent-up savings from all the money Americans could not spend last year, and large governmental stimulus coming again.