Chart of The Day – June 15, 2020

By: Chris Wenner in Charts 06/15/2020

The BKX Index (also known as the KBW Bank Index) is a modified cap-weighted index of 24 national money center banks and leading regional banks.  Its monthly candle made thus far in June is ominous:  it went from 91.20 early in June to the mid-70’s.

I think financials, especially the heavy-weights which make up this index, are important for equity markets to resume trending higher, and observing this index rollover might be a near-term sign of things to come.

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.

Related Literature

Follow Us