Updated: December 14, 2016
The investment mantra “Don’t fight the Fed” may soon be replaced by a timelier one.
Don’t fight Trump Tower!
The S&P 500 has returned 4.3% in the month since the election. But certain sectors (such as banks and energy) have climbed even higher, faster. While others (such as REITs) initially languished.
Some of these moves are due to correct. But we also have a set of spectacular dividend growers selling for their cheapest prices this decade. Let’s sort through these Trump trades to find the remaining pockets of value for yield and price upside.
Banks: Below Book No Longer
As recently as spring, some of the best banks on the planet were selling for less than their book value.… Read more