Troublesome Charts for Bank ETFs
This article was originally published on ETFTrends.com.
As has been widely documented, the Financial Select Sector SPDR (NYSEArca: XLF), the largest financial services exchange traded fund, and rival ETFs tracking the sector have been struggling. June 27th marked the thirteenth consecutive day in which the S&P 500 Financials Index finished lower, marking the benchmark’s longest ever losing streak. Not surprisingly, the length [...]