Stocks of major U.S. banks and brokers are behaving in a way that shorts are probably not very happy with. Should they treat this as a signal or noise? The top six have reported September-quarter results, and it is a … Continued
U.S. financials continue to send conflicting signals. As important a sector as this one is, what happens next probably will hold clues to a whole host of things, ranging from what lies ahead for the U.S. economy to where interest … Continued
Despite a down day in stocks in general, financials had a lot of oomph yesterday. KBE continues to hug the upper end of the one-plus-year range it is in (Chart 1), as if the ETF wants to break through resistance. … Continued
Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued
AAPL set to join Dow brings out ‘this is top’ talk Historically, tough to argue Dow inclusion ensures top If AAPL peaks, it will be for other business-related reasons AAPL (127.14) is slated to replace T in the Dow Jones … Continued
Major U.S. banks’ 4Q14 earnings results big disappointment Release of reserves built up during crisis years have been big tailwind Financials’ path of least resistance down medium-term, though oversold near-term Investors were genuinely disappointed last week as all four major … Continued