BTIG's Julian Emanuel predicts financials bolstered by a Brexit deal will lead the next leg of 2019's rally.
Long-time bull Julian Emanuel names one major factor standing in the way of new market highs: Brexit.
"We really need to see is a little bit more clarity on Brexit, and most importantly, that feed-through to European interest rates," BTIG's chief equity and derivatives strategist said Monday on CNBC's"Trading Nation.""The one thing that's bothering investors right now is the message on why longer-term bond yields are so low — the implication being that it's a growth-challenged world.
With the sector already under-owned, under-loved and under a lot of stress in Europe, he sees financials as poised for a breakout that would ultimately create excitement among investors.
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