By Parke Shall
Banks have had a "tremendous" run since the election and, more specifically, since mid 2016. While we considered financials the only industry to invest heavily in just months ago, we now think it is time to take some profits and perhaps let a bit of "house money" ride.
It was about 8 months ago that we came right out and said that financials would be the only sector that we would be invested in. We recognized that the market was due for a correction, we predicted a slight rise in interest rates, and we made our case as to why financials would be the one sector that we would put some money into at the time. The article, which you can read here, looked like this,
Days later, we wrote a follow up, reiterating that, "the financial sector and specifically the big banks remain one…