Follow The (BIG) Money:
Since early 2013, I have consistently made the case in this column that financial stocks were deeply undervalued and were on track to push higher- much higher. Well, that is exactly what happened and yet again we saw capital flow into this very important space.
If you are looking for new ideas on where to put capital to work- the financials are beginning to re-emerge as a leading industry group after a very nice/healthy consolidation. Take a look at the following charts to see what happens, in real-time, when capital begins to flow into a strong area of the market. Remember, the financials also tend to serve as a good proxy for both Main Street and Wall Street. Barring some unforeseen event, that bodes very well for the economy and the broader market.Read More