RE: Yield19 Jul 2023 15:04
The financial sector has historically been among the most sensitive to changes in interest rates. With profit margins that actually expand as rates climb, entities like banks, insurance companies, brokerage firms, and money managers generally benefit from higher interest rates.
The massive gains we see in the energy sector in the last 24 months looks to be over now and I would be betting on the same massive profit margins in the financial sector looking forward for the next couple of years at least.
I wouldn't be selling L&G until we hit first target of 305.