Chart of the Day: Do Old Axioms Still Hold True?

chicagosean

Today’s chart of the day comes courtesy of Eddy Elfenbein (@EddyElfenbein). He posted up this chart showing the relative performance of financials against the S&P 500.

It is often said that market rallies cannot be sustained without participation from the financials. Should this chart be taken as a warning? Or will financials (led by beaten-down banks) play catch-up and kick off a major upside move for the broader markets?

 

 

- Sean McLaughlin: Editor, StockTwits (@chicagosean)



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