Earnings season a 'positive surprise' -strategist
STORY: That said, Konstantinos said his firm does not favor financial stocks at the moment, given the uncertainty of the U.S. economy.
But he said he was "heartened" by the large banks' abilities "to garner some of that deposit flight out of regional [banks]. Also, what we've seen from a macroeconomic perspective, is that the U.S. economy... the wheels are still on. We had positive GDP growth in Q1 and jobs market, employment market, continues to be relatively robust - and therefore you still have a reasonably positive backdrop for the large banks to operate in."
