From Investorplace:
The Federal Reserve announced its intentions to raise interest rates earlier this month. The concept of higher rates has boosted a number of bank stocks and since the election, the group has done quite well. However, over the last few weeks, these stocks have taken a hit.
This weakness is an opportunity for investors who want to get long. When Donald Trump won the election, it took a number of investors by surprise. The market quickly rallied and many have been waiting for a pullback.