XLF relative performance now worse than GFC and COVID lows.
Rarely been this unlovedThe market is dumping banks to fund the AI trade. Relative performance versus tech is now at extremes usually associated with crises, positioning has collapsed and valuations keep getting cheaper. Apparently steady cash flows are boring when Nvidia exists. Here are six bank charts that we find interesting.XLF vs SPX
Hedge funds are panic-buying semis, Korea flows have gone vertical, NVDA is humiliating Bitcoin, and the rest of the stock market…
Shares of banks and other financial institutions were more or less flat as private-credit fears offset an ongoing rotation to…
Bank stocks are getting unfairly clobbered by fears of AI disruption.
Shares of banks and other financial institutions rose as traders rotated into some of this year's lagging sectors and out of tech…
Michael Hartnett, Bank of America's chief investment strategist, pointed to a cluster of extreme positioning indicators.
Shares of banks and other financial institutions were more or less flat as traders rotated into lagging sectors from the…
