$XLF just hit all-time highs today. Financial sector ripping.
This is your classic risk-on signal—when banks and financials are making new ATHs, it usually means the broader market has legs. Financials lead, tech follows, or they move together in a proper bull run.
Chart's clean. If you're long equities, this is confirmation. If you're looking for a pullback to buy, you might be waiting a while. Momentum is strong, and ATH breaks tend to run further than people expect.
Keep an eye on whether this holds above the breakout level. If it does, financials could keep pushing higher into year-end.
This is your classic risk-on signal—when banks and financials are making new ATHs, it usually means the broader market has legs. Financials lead, tech follows, or they move together in a proper bull run.
Chart's clean. If you're long equities, this is confirmation. If you're looking for a pullback to buy, you might be waiting a while. Momentum is strong, and ATH breaks tend to run further than people expect.
Keep an eye on whether this holds above the breakout level. If it does, financials could keep pushing higher into year-end.