andrewtothez

Financials are bullish

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AMEX:XLF   SPDR Select Sector Fund - Financial
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- increasing interest rates allow banks to earn more capital
- the public will continue to take loans because the economy right now is in good shape thus, people are not very likely to stay away from bank loans
- the strong dollar pushes the Federal Reserve to increase rates to slow down the economy
- Janet Yellen gave banks the green light 5/22/15 that interest rates are likely to increase
- GS broke 200 dollars per share, JPM at an all time high, other banks such as C, BAC, etc. are showing clear signs of bullish
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