Despite a slow start to the year, the financial sector is starting to show signs of life. The combination of higher interest rates and additional cues from the Federal Reserve are working in tandem to support stock prices of banks, brokerage companies and insurance institutions.
Insurance companies in particular experienced a summer sell-off that has now resolved in a new uptrend on the verge of a technical breakout.
The iShares Dow Jones U.S. Insurance ETF (NYSE: IAK) tracks 67 domestic insurance companies that focus on life, property and casualty, and full line insurance coverage. This ETF has over $122 million in total ...
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