Banks just dropped over 10% from their 30-day high while the $SPY sits less than 1% from all-time highs.
Last time we saw this split? January 2000. Two months before the dot-com crash.
Not saying history repeats, but when financials diverge this hard from the broader market, it's worth paying attention. Banks usually lead, not lag.
Either the market's about to catch down to banks, or banks are about to catch up. One of these is wrong.
Last time we saw this split? January 2000. Two months before the dot-com crash.
Not saying history repeats, but when financials diverge this hard from the broader market, it's worth paying attention. Banks usually lead, not lag.
Either the market's about to catch down to banks, or banks are about to catch up. One of these is wrong.