The financial sector kicked into high gear at the end of 2016, but it’s posted a much less impressive performance this year, with the Financial Select Sector SPDR ETF (XLF) up all of just 1.4% since the calendar flipped to January.
That’s a conspicuous about-face -as XLF rallied more than 20% in the final three months of 2016.
But while financials have been missing out on 2017’s run to record highs, it’s a mistake to count out the sector as we head into Q2.
