Related: 6 Bank ETFs’ Moment in the Sun
“The ‘biggest’ breakout in market breadth has come so far from the large cap portion of the market while a slight break has occurred for mid cap stocks. Small cap market breadth is still slightly under it’s prior high,” adds See It Market. “This tells us that investors are showing a stronger preference for the larger, and some may consider ‘safer’ equities rather than chasing after smaller company’s stocks.”
For more information on Bank ETFs, visit our Banks category.
SPDR S&P 500
Tom Lydon’s clients own shares of SPY and IVV.