No Bull Market Without Banks. 3 Stocks With Bullish Charts.
Market Intelligence Analysis
AI-PoweredThe banking sector is experiencing a surge in capital, with the ETF reaching a fresh all-time high, driven by investors' interest in the sector's potential for growth.
Market impact analysis based on bullish sentiment with 83% confidence.
Article Context
When asked why he robbed banks, Willie Sutton is said to have replied “because that’s where the money is.” Investors may be taking the same approach with the diverse banking sector, as capital flows steadily into the The ETF jumped 2.4% last week, breaking above a $53.99 double-bottom pivot and marking a fresh all-time high. This despite shaky recent action from its two largest holdings, JPMorgan Chase and Berkshire Hathaway The former reversed $20 on Dec. 12, sliding 5% and finishing as the S&P 500’s second-worst performer that day, while the latter was down seven of nine sessions before completing a bullish morning star pattern on Dec. 11.
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