XLF Financials SPDR Outlook—While still facing challenges, Financials are showing some signs of near-term stabilization
With inflation continuing to look a bit toothless, we are expecting XLF to regain some of its footing in July.
AXP
ETFsector.com Daily Trading Outlook, June 12, 2024
Two more record closes today as the Nasdaq added 0.88% while the S&P 500 added 0.27% to yesterday’s record close. The Dow fell 0.31% on weakness from AXP and BA. ORCL reported after-hours with shares trading +8% in the after-hours session. AVGO reports tomorrow. Wednesday is the big day of the month with CPI data
ETFsector.com Daily Trading Outlook, June 12, 2024 Read More »
XLF Financials SPDR Outlook—A steadily improving Banking Industry sets the table for XLF success in June
The XLF has improved steadily over the past 9 months. And after a bit of a stumble in May relative to the S&P 500 it looks to be in a very constructive position for June. Our Elev8 Sector Model debuts with an OVERWEIGHT Position in XLF vs. the benchmark S&P 500 of +1.10%