I continue to monitor the impressive financials. We know that they had been huge dogs during the prior 18 months or so. Recently, they have shown signs of becoming emerging leaders of the market. The XLF has taken time to consolidate, and banks like GS and WFC should be watched closely here, not to mention regionals like HCBK and HBAN, among others. As much hate as people have for financials these days, the prospect of them being stealth leaders here should be respected given the price action of late.
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