{"id":13891,"date":"2010-01-29T05:45:53","date_gmt":"2010-01-29T09:45:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13891"},"modified":"2010-01-29T05:45:53","modified_gmt":"2010-01-29T09:45:53","slug":"the-forecast-for-financials","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2010\/the-forecast-for-financials.html","title":{"rendered":"The Forecast for Financials"},"content":{"rendered":"<p>Fund Observer &#8211; In Wednesday&#8217;s State of the Union address, President Obama reiterated his plans to propose a tax on some of the country&#8217;s largest banks and legislation that could limit their size and restrict certain types of trading. A wave of populism has swept through the country, and big banks seem to be bearing the brunt of citizens&#8217; frustration. Questions about what the final proposals will seek to accomplish has rattled the stock market.<\/p>\n<p><a id=\"KonaLink0\" href=\"http:\/\/www.usnews.com\/money\/blogs\/Fund-Observer\/2010\/01\/28\/the-forecast-for-financials.html#\" target=\"undefined\"><\/a>What does this antibanker sentiment in Washington mean for investors? Jeff Arricale, manager of the T. Rowe Price Financial Services Fund (symbol PRISX), says that uncertainty about potential regulation hasn&#8217;t stopped him from investing in some of the biggest names in the banking industry. He runs a sector fund, meaning it primarily focuses on one slice of the market. The fund returned 28 percent in 2009 and an annualized 5 percent over the past decade. <em>U.S. News<\/em> spoke with Arricale to get a better understanding of the situation and who&#8217;s most likely to be affected by further regulation of Wall Street.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.usnews.com\/money\/blogs\/Fund-Observer\/2010\/01\/28\/the-forecast-for-financials.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fund Observer &#8211; In Wednesday&#8217;s State of the Union address, President Obama reiterated his plans to propose a tax on some of the country&#8217;s largest banks and legislation that could limit their size and restrict certain types of trading. A [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13891","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13891"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13891\/revisions"}],"predecessor-version":[{"id":13892,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13891\/revisions\/13892"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}