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Weekly Insight: Clearance Sale on Bank Stocks

Here’s a question: What sector of the stock market has gotten the most beat up this year? I am guessing that if I asked 10 people that question, 9 of them would say oil companies (i.e., energy stocks). Therefore, it may come as a surprise that the worst performing sector of the stock market this year is Financials. The financial sector is down 15% this year and 25% since December 3rd. European banks are doing even worse. They are down…

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