Is It Time to Start Banking on Financial Stocks?

The video discusses the recent rally in the S&P 500 and NASDAQ, attributed to a 'rubber band effect' due to under-allocation in the market. It highlights the market's positive reaction to speeches and stronger-than-expected economic indicators from China, Japan, and Europe. The discussion also covers the increased probability of a March interest rate hike and its impact on market perception. Finally, a trading strategy involving the financial sector and the XLF ETF is analyzed.

Discuss the significance of the Fed's interest rate probability mentioned in the text.

What trading strategy is suggested for the XLF, and what are its key components?