Financial Sector Hits YTD Low

Today, the Financial Sector ETF (XLF) hit a YTD low of 26.3500, down 13.1% from the high of 30.3255. This is consistent with our earlier predictions of a coming financial sector bear market (also here) and the effect of folks buying bank stocks as a “safe haven” strategy (here).

Expect continued erratic up and down behavior this year, with a net negative for XLF of at least another 3.0000 points.


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