XLF/SPY overlayed with 10 year. Keep an eye on the banks relative performance to SPX and interest rates. Financials generally lead SPX given their higher sensitivity to the economy and risk.
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Hi Jeremiah S,
It's interesting as they move inversely to each other until about 2008. Then, they start to behave with a similar trend.
Thanks again for the chart.
Yeah mainly because they were making a ton of money during the subprime boom. The 2000s was the time to invest in banks. Then reality set in.