Chart of the Day – July 28, 2020

By: Chris Wenner in Charts 07/28/2020

Financials (using the XLF ETF) are down roughly -20% YTD.  Among many other reasons, lower interest rates haven’t helped the second worst performing sector of 2020 (energy is the worst performing).  BAC, JPM, and C are a few of the largest holdings in XLF, and each of these money center banks have charts that seem to be either coiling up for a move higher, or a breakdown towards the lows they made earlier this year.  Keep an eye on the banks –

CW

 

 

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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