Under the radar: Financials ($XLF ) ripped +3.5% yesterday, the sector's best day since April 2025, to a record close at $59.20.
→ That's 5x the average daily move; +10.7% over the past month
→ JPMorgan ($JPM ) +4.2%, Morgan Stanley ($MS ) +4.2%
→ Regional banks (KRE) only +1.7%, still 5.4% below their high
My take: money rotating out of tech is flowing into the big banks, but the small banks aren't joining in. Worst case: if XLF slips back below the $58.56 prior high, the breakout turns into a bull trap. Watching it closely.
Watching: $XLF $JPM $MS
#Banks #Stocks #Economy
→ That's 5x the average daily move; +10.7% over the past month
→ JPMorgan ($JPM ) +4.2%, Morgan Stanley ($MS ) +4.2%
→ Regional banks (KRE) only +1.7%, still 5.4% below their high
My take: money rotating out of tech is flowing into the big banks, but the small banks aren't joining in. Worst case: if XLF slips back below the $58.56 prior high, the breakout turns into a bull trap. Watching it closely.
Watching: $XLF $JPM $MS
#Banks #Stocks #Economy
