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Bank stocks have taken a beating this year. Over the last six months, the Financial Sector SPDR Fund fell nearly 10% as volatility and global trade fears sapped investor confidence.
You see, many investors expected rising interest rates and the 2017 tax reform law to drive the financial sector to consistent highs for 2018. However, unfavorable trends in global trade and increased volatility have kept bank stocks from realizing their real profit potential.