It's Time to 'Aggressively' Buy Big Banks

Investors have been very good to the nation's biggest banks so far this July, with several of our Rafferty Capital Market Indexes that measure bank-stock performance up more than 5.5 percent, while the S&P 500is up by just 3.1 percent. Is this merely a catch-up in a group that has underperformed the market or has something changed? My belief is that something has changed; in fact, many influences have changed and all of the changes have been positive.