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

October 14, 2020

By TheTechnicalTraders

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.

CLICK ON THE IMAGE BELOW TO VIEW THE VIDEO

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