Poor results from major U.S. banks prove XLF divergence from 10-2 spread misplaced

posted in: Credit, Equities, Technicals | 0

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