What a soft landing could mean for bank stocks

📆 04/10/2023 00:52:00
📰 YahooFinanceCA

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The financial sector ETF (XLF) has fallen nearly 5 percent over the last three months as the Federal Reserve interest rate tightening has taken its toll on the sector. Many investors are wondering what this means as we head into 2024 and what it will take to get this sector back on its feet. RBC Capital Markets Managing Director Gerard Cassidy joins Yahoo Finance to discuss how high interest rates have affected the financial sector and what investors should look out for if the central bank achieves its goal. Cassidy gives historical context, referring to 1994 when the Fed started raising rates, Orange County filed for bankruptcy, and the bond market tanked. He claims if the central bank can 'thread the needle' with 'what they called back then the goldilocks economy or the soft landing, banks were up 55% in '95. Best single sector in the market,' then we should be able to see similar results for next year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

) has fallen nearly 5 percent over the last three months as the Federal Reserve interest rate tightening has taken its toll on the sector. Many investors are wondering what this means as we head into 2024 and what it will take to get this sector back on its feet. RBC Capital Markets Managing Director Gerard Cassidy joins Yahoo Finance to discuss how high interest rates have affected the financial sector and what investors should look out for if the central bank achieves its goal.

Cheap TSX stocks such as Dentalcorp are trading at an enticing valuation and have massive upside potential right now. The post 2 Defensive Stocks That Can Gain up to 128%, According to Bay Street appeared first on The Motley Fool Canada.Warren Buffett is perhaps the most famous investor in the world. Having earned the appellation "The Oracle of Omaha" thanks to his investing success through his company Berkshire Hathaway, Buffett now...

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

New ETF Boom Defies Saturation Warnings in $7 Trillion IndustryMoney-management firms launched new exchange-traded funds at a rapid pace last month, shaking off fears that the $7 trillion industry is already overrun with low-cost investment vehicles.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »