Financial stocks are basking in a post-election rally afterDonald Trump's election win as investors anticipate a friendlier regulatory landscape for banks, brokers and consumer finance companies.
With expectations of deregulation and possible tax cuts, traders are piling into financials at levels not seen in years.
TheFinancials Select Sector SPDR Fund(NYSE:XLF) jumped over 5% last week, hitting fresh record highs, while weekly inflows surged to $1.573 billion—the highest in over two years.
Regional banks, in particular, were on fire, with theSPDR S&P Regional Banking ETF (NYSE:KRE) skyrocketing nearly 11% and seeing $1.09 billion in inflows...
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