Malcolm Graham
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Malcolm Graham in Analytics & more!,

Tech and banks will remain Wall Street’s stock leaders through 2017, Goldman says

The U.S. stock market has risen broadly over the past year, but much of the gains over that period have been due to just two sectors: financials and technology. Don’t expect that to change soon.

The duo have in particular been among the biggest catalysts behind the broad-market rally since last year’s presidential election in November. Financials were the initial postelection gainers, at one point, accounting for half the overall market’s advance as investors bet that President Donald Trump would push Wall Street-friendly legislation through Congress.