• July 22, 2024

XLF ETF: Financials Stocks are Gaining Momentum and Still Look Cheap

Just as many popular tech stocks are showing some signs of weakness, financial stocks are quietly gaining momentum and look well-positioned to enjoy further gains based on their inexpensive valuations. While it certainly doesn’t receive the same fanfare as the Tech sector, the Financial sector has been on fire. The Financial Select Sector SPDR Fund (XLF) recently hit an all-time high and is up a healthy 4.4% over the past month. Simultaneously, its Tech sector counterpart, the Technology Select