The Financial Select Sector SPDR Fund ETF (NYSEARCA:XLF) is down by approximately 3% month-over-month, illustrating the interim negativity attached to the financial sector. Interest rate uncertainty paired with inconsistent real economic factors will lead to a sectoral drawdown. Sure, some variables might combat my outlook. However, the aforementioned variables may cause credit spreads to surge in the coming months, leading to a high-pressure situation for financial stocks. Let’s examine three f
The stock market's very rough April saw some of the biggest gainers of the first three months take some of the biggest dings to their market caps. And at the same time, some of the sectors that struggled in Q1 saw a similar reversal of fortune in April.
First quarter earnings reports are expected to show signs that other areas of the market could catch up to tech's growth later in 2024.