International investors are getting increasingly concerned about missing out on the rally that was sparked by the unveiling of the People’s Bank of China’s far-reaching stimulus package on Tuesday

Historically, once the Fed starts lowering rates, value stocks outperform growth stocks, and defensive stocks outperform cyclicals. But that has generally happened when the Fed cut rates into a weak economy, Feeney noted.

CFOs have navigated economic uncertainty, inflation, and high interest rates over the past few years. But the Federal Reserve announced last week a 50 basis point cut to its benchmark interest rate, which is the first rate cut in four years.

The macroeconomic backdrop, combined with cheap valuations, should leave plenty of room for bank stocks to gain.