This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEBA10ME_M.jpg
However, this has turned out to not be the case. The economy did better than expectations, the stimulus was massive enough to send consumer spending to new highs and savings levels as well. Household leverage ratios are at low levels which bodes well for the expansion’s duration.
If the labor market keeps improving and wages continue trending higher then the sector should keep outperforming. Within the sector are a variety of options. Companies like Synchrony Financial (SYF) take on credit risk, while consumer financial stocks like Visa (V) make money from each transaction.
