Financial flow
Financials are struggling a bit today, after absorbing a bunch of new money from ETF traders. The most popular fund, XLF, has seen an average inflow of nearly $450 million per day over the past 2 weeks. According to the Backtest Engine, XLF showed some weak returns over the next couple of months when inflows exceeded $150 million per day.
That other big spike was right after the 2016 election, and while XLF consolidated for a bit after that big inflow, it managed to chop higher in the months ahead.

