Is the Financial Sector $XLF Nearing a Bottom?

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?

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Financial Sector officially in bear market territory

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

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’

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’