Financials Start the Rollover
The financials had the biggest move of all the industry sectors that dropped last week, down 2.9%. Is this the end of their rally? They do look like they are starting to roll over.
The video below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.
In this video I review this week’s market action by looking at the S&P 500 (SPX), NYSE Composite (NYA) and Russell 2000. I then review the semiconductors (SMH), homebuilders (XHB) and the financials (XLF). Three stocks in focus are:
- American Express (AXP)
- Bank of America (BAC)
- Goldman Sachs (GS)