Time for financial stocks to be leaders for a change

Financial stocks are poised to become market leaders once bond yields rise, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist. They haven’t been in that position since the 2008 financial crisis, as reflected in the ratio between the S&P 500 Financial Index and the S&P 500. Levkovich cited the indicator in a report Friday, in which he wrote that yields are the key because they are “so crucial for bank stocks.”

5 years later (Nov 2022)