$QQQ vs $XLF divergence getting wild. Tech ripping on AI hype while financials lag hard. Banks need to announce "AI-powered lending" or "blockchain credit scoring" or something just to catch a bid at this point.
Seriously though, this spread is stretched. Either tech pulls back or banks finally wake up. Rate cuts would help XLF close the gap, but until then, momentum stays with the AI trade. Watch for mean reversion setups if this keeps widening.
Seriously though, this spread is stretched. Either tech pulls back or banks finally wake up. Rate cuts would help XLF close the gap, but until then, momentum stays with the AI trade. Watch for mean reversion setups if this keeps widening.
