The specialty finance sector anticipates a stable consumer environment and improving trends in consumer credit, especially in prime segments, through 2025. Additionally, conditions are expected to include persistently high mortgage rates and a more lenient regulatory climate. Since the recent elections, there has been strong performance in consumer lender shares, which may have advanced some expected returns, complicating stock selection. The strategy for mortgage finance prioritizes companies with balanced business models. There is a preference for stocks that present positive catalysts not yet fully accounted for, offering potential for further gains. Moreover, the value of air lessors is seen as still overlooked in current market assessments.

The results of the November election 'appear to have rekindled animal spirits', enhancing business and consumer confidence in anticipation of a more pro-business political environment. This change has heightened expectations for the U.S. economy, albeit with reduced predictions for further Federal Reserve easing. This dynamic is favorable for stocks associated with consumer credit and spending, but less so for those related to the mortgage market, which 'remains subdued' due to high rates and a low housing supply.