BANKING ETFS: WILL IT BE DIFFERENT THIS TIME?
Thursday 2/23/2017 17:00:34 EST - Standard & Poor's

In 2017, certain financial services ETFs have received large inflows due to what CFRA sees as increased confidence that macroeconomic and political developments will drive these securities higher. Yet, if this were to occur, during a rising interest environment, the outperformance would be different than what occurred in prior rising rate prior periods in the past.

According to Sam Stovall, Chief Investment Strategist at CFRA, during rising-rate periods since 1970, the S&P 500 Fina...