On January 16, 2018, as the financial sector was continuing its steady climb upward, I posted a prediction that the sector would experience a bear market beginning this quarter and lasting at least 12 months.
Yesterday evening I posted the following on Twitter:
Here is the XLF (Financial Sector ETF) as of this morning:
I want to reiterate that this will not be a straight shot down, but a very rough, volatile, and wildly oscillating ride. Expect to see very large weekly spikes both up and down. However, I expect XLF will hit at least 22.50 before this is all over.