A much-needed market diversion from inflation concerns is underway as major banks release fourth quarter results and usher in earnings season.
Financial stocks have gotten a lot of popularity lately – the Invesco KBW Bank ETF KBWB
is up 11% so far in 2022, up from a 6% decrease for Invesco QQQ Trust QQQ,
which mirrors the Nasdaq-100 – as investors adjust to the prospect of higher interest rates.
Technology suffered another major blow on Thursday, but ours Call of the day by Michael Loukas, principal and CEO of TrueMark Investments, says investors must continue to look beyond the big names for stocks that offer “generational opportunities.”
“Our job is to find the category killers who are going through their hypergrowth phase and in years they will be household names,” he said.
TrueMark is also the issuer of the TrueShares Technology, AI & Deep Learning ETF LRNZ
which hit the market in March 2020, just …