ModelEdge report

Dean Christians

3-13-2023 at 1:05 pm

A vitally important sector sees a surge in new lows

One and three-month lows for S&P 500 Financials sector stocks have surged to levels that typically lead to a mean-reversion rally. Even if the financial sector is foreshadowing another financial crisis, the current level of 3-month lows led to substantial countertrend bounces in 2008.

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