By Jody Chudley Twelve to 18 months from now, we could be looking back at American banks as the no-brainer buying opportunity of this crisis.
Most importantly, banks are strong financially – so they’re able to handle the loan write-offs that the current downturn will create.
But also, by one measure, the financial sector is the cheapest it has ever been relative to the overall market.
The chart below tells the tale of two exchange-traded funds (ETFs)…
This chart measures the ratio of the price of the financial sector, represented by the Financial Select Sector SPDR ETF (NYSE: XLF), divided by the entire S&P 500, represented by …read more
