Bank ETFs Serving Up Big Gains | Wealth Management
Rotation into financials favors smaller lenders. Volleyball’s a great collegiate sport, despite my alma mater’s abysmal record. One of the things that keeps the game interesting is player rotation. Each time a team wins a side out or gets possession of the serve, the new serving team rotates its players clockwise. Service, thus, isn’t dominated by a single team member. The same thing happens in the stock market, albeit with less regimentation. Certain industry sectors inevitably attain prominence as the economy cycles between boom and bust. Over the last quarter, for example, we...