14 Oct

Financial (XLF) and Banking (KRE) Sectors Enter Full Blown Bear Market

October 14, 2020

With the SP500 making new highs the financial and banking sectors have entered a full-blown bear market. Companies like JP Morgan who do share buybacks and have a killer trading division (which masks other suffering divisions) are expected to survive, but with credit card and mortgage defaults increasing daily this sector is expected to continue suffering for a while longer. Watch my video below to learn more.

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Financial (XLF) and Banking (KRE) Sectors Enter Full Blown Bear Market

CLICK ON THE IMAGE BELOW TO VIEW THE VIDEO

If you want to stay ahead of the markets with Chris’s analysis, then subscribe to the Technical Trader newsletter and trade alert service today!