During the COVID-19 crash, I pounded the table about the banking sector - specifically, the SPDR S&P Bank ETF (NYSE: KBE). Seeing as American banks had historically strong balance sheets and rock-bottom valuations at the time, this ETF presented an exceptional buying opportunity. Within one year of writing about the SPDR S&P Bank ETF, we were up 84%, trouncing the S&P 500. At the end of last year, I was pounding the table again, this time believing interest rates were on the verge of skyrocketing. And boy, was I right! Last year, the 2-year Treasury yielded next to nothing. Today, it yields well over 4% and is still moving higher. So where does the SPDR S&P Bank ETF stand now? Join me in this week's Value Meter to find out. Reveal the valuation. |
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