Have you ever wondered why professional investors do better than us? It’s because they buy when fear is high, and sell when it’s low. With the US economy in the throes of a recession and more rate hikes in the near future, stocks are looking extra cheap.
The financial sector is entering a period of seasonal strength, further fueled by rising interest rates. Regional banks have been outperforming their larger peers by a solid margin. We look for a combination of value and growth, focusing on key regional players on the East Coast ($TFC) and the West Coast ($CCB).