These days, it’s pretty difficult to find any sort of foothold in the market. Thanks to rising inflation and the Fed’s recent return to a tightening cycle, plenty of sectors have continued to suffer in recent weeks. But there are a few bright spots in the market. These sectors can make sense of the current environment and potentially profit through it.
One of them could be the banks.
Rising rates are generally good for the sector and, more recently, several names have reported that consumers remain healthy when it comes to spending and accessing credit. While there are risks with the overall economy, the banks could be a big winner going forward.
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