FG - F&G Annuities and Life - Pennant Breakout ImminentF&G is an annuity and life insurance company.
Annuities and Life Insurance have been enjoying a good run due to higher interest rates.
High interest rates decrease reinvestment risk.
For annuities, higher interest rates mean higher income for customers.
Baby boomers are retiring so there will be a massive demand for these products. The fixed income part of it would be the seller even if rates go down from here.
Chart has formed a pennant and will go long on the breakout.
Initial target around 60 as there is a bull flag element from 32 to 47.
