“How Did You Predict the Financial Sector Decline in 2018?” Here’s the Answer…

December 21, 2018

The Financial Sector SPDR (XLF) hit a low of 23.22 from its high in late January 2018 of 30.3255. In early January of 2018, I predicted that the financial sector would experience the equivalent of a bear market in approximately 12 months (i.e., drop more than 20%), with an eradicate but largely steady decline over that period. Well, here we are approximately 12 months later, and those who have been following my prediction and the XLF’s development have been asking me, “What events did you predict that caused the financial sector decline?”
So here’s the big reveal to the events I predicted would happen to cause a decline in the financial sector. Ready? … … More “How Did You Predict the Financial Sector Decline in 2018?” Here’s the Answer…

Is the Financial Sector $XLF Nearing a Bottom?

December 7, 2018

On January 16, 2018, I predicted that we would see a bear market in the financial sector over the following 12-18 months. We’re in the 11th month of that prediction, and if someone had shorted XLF at the January high of 30.3255 and exited this week at the low of 24.93, they would have realized a return of approximately 18%.

Not bad, but the question remains: Will XLF continue lower? … More Is the Financial Sector $XLF Nearing a Bottom?

Financial Sector officially in bear market territory

December 10, 2018

I made a public prediction on January 9, 2018, via Twitter (refined one week later) that the financial sector would experience a bear market within the next 12-18 months. Well, it happened in the 12th month (a tad early), but it is here. The XLF financial select sector SPDR hit 24.30 at the time of this post from it’s 52-week high in January of 30.33. That’s officially a bear market (down 20% from 52-week high) in most books. … More Financial Sector officially in bear market territory

The Downside of Bank Stocks Becoming a Safe Haven Buying Strategy

April 19, 2018

This is related to my early January post on the coming financial sector bear market. I read the following analysis from Seeking Alpha this morning suggesting that broader market instability will create a “safe haven buying strategy” with bank stocks for the dividend investor, especially given recent earnings reports. The website concludes with: “We are long … More The Downside of Bank Stocks Becoming a Safe Haven Buying Strategy

‘Banks have to be nimble like tech firms’

March 14, 2018

Banks have to embrace technology and change their culture to be like startups, DBS CEO Piyush Gupta said, amid growing competition from tech giants like Alibaba. You’ve got to be nimble; you’ve got to be willing to take some risks, you’ve got to have small groups of people who can really be entrepreneurs in the … More ‘Banks have to be nimble like tech firms’