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 –
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