In a recent column about the big bank (think: Citi, JPMorgan, etc.) earnings transcripts, I found it interesting that there are pockets of the market that remain strong - despite the fact that many of the biggest banks missed earnings expectations.
Here's an excerpt from the column:
...banks contend that low oil prices translate to a positive for consumer spending, homebuilding will gain strength and the positive economic outlook will be a boost for lending. Quite simply, I think retail stocks, homebuilders and the banks themselves are all great ways to play these trends.
The crux of the piece is about ways to capitalize on these trends. A couple are rather obvious; yet, related to the oil crash - I'm not interested in buying oil names or ETFs.