I usually expect banks to do better than most in a rising rate
environment which I think is coming soon. XLK could use a small
pullback, but the daily chart is still pretty darned bullish. Also
watching IAI as a proxy for investor sentiment (no banks in that
one).
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Sell the banks and buy
Posted by fredsaid on 15th of Dec 2021 at 02:27 pm
Sell the banks and buy tech ?!? Doesn't make sense other than banks were overbought and tech was oversold...
I usually expect banks to
Posted by Trendie on 15th of Dec 2021 at 02:33 pm
I usually expect banks to do better than most in a rising rate environment which I think is coming soon. XLK could use a small pullback, but the daily chart is still pretty darned bullish. Also watching IAI as a proxy for investor sentiment (no banks in that one).