The Market Needs Financials π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Steven Strazza.
The Financial Sector ($XLF) made fresh 8-month lows today and suffered its worst day since April 4, 2025.
Financials are now below the VWAP anchored from the April lows and are making new multi-year lows relative to the S&P 500.
Losing this key cyclical group would not be a good sign given its tight link to the economy and broader market health.
The Takeaway: Financials are breaking down, and this is not a sector bulls want the bears gaining control of.
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