As of now, XLF has taken out the last 4 days of closes and the volume is very significant. This may be due to the Mass. high court decision, but we saw signs before today. Financials are definitely in the crosshairs.
Look at that volume-being it's so large, I think the court case had something to do with it as the outcome could not be priced in.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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