Market Insider with Patti Domm
Banks, retail sales, Iran may steal the thunder from Greece
from the article:
The Financial Select Sector SPDR ETF (ticker XLF) has had the biggest inflow of assets among nine industry SPDR ETFs in the past week, month and three months, according to Asbury Research.
“We’re likely to see outperformance,” said Asbury’s chief strategist, John Kosar, who has been running a model using the SPDR ETFs for several years. Rarely has a sector ETF performed best in all three categories and, interestingly, industrials has seen the most outflows for each of the same time frames, also unusual. The XLF is up 2.5 percent in the past three months, while the S&P 500 is up 0.4 percent in the same period.
“If we get horrible earnings or something happens, or interest rates dive back down to 2 percent, or there’s something that upsets the banks, it’s going to be everybody out of the pool, and you’re going to see it reflected in this table,” Kosar said.
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