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