All Financials
July 17, 2008
Hickey and Walters (Bespoke) submit:
lf you don’t have significant exposure to the Financial sector, chances are you’re underperforming the market by a lot today. With the S&P 500 up about 0.75% at the time of this posting, the S&P 500 Financial sector is up 5.43%, while four sectors are down more than 50 bps. Utilities and Consumer Staples are each down more than 1%. Talk about sector divergence.
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