After this mornings jobs report, financials are getting bought hand over fist. $JPM and $GS Goldman Sachs and J.P. Morgan Chase are up 2% each. Even more impressive, the financial ETF $XLF today has broken resistance that's been over 10 years in the making.
Good morning. Futures are bouncing this morning, and have now recovered 50% of yesterdays afternoon decline.
What started out as a modest to moderate decline, accelerated to something just a little more as the session came to a close. Yet the Nasdaq and the Russell ended the day in positive territory while the Dow and S&P500 ended down in a modest fashion.