A Reversal of Fortunes for US Banks and Technology Stocks

<p>Prior underperforming US banks rallied last week where the SPDR Banks ETF rose by 6.76%, its best weekly gain seen in 14 months. The high growth technology concentrated Nasdaq 100, the top year-to-date performer, underperformed last week, dragged down by Tesla and Netflix ex-post earnings releases. Extreme positioning, and complacency bias in Nasdaq 100 increase […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/511175-a-reversal-of-fortunes-for-us-banks-and-technology-stocks/">A Reversal of Fortunes for US Banks and Technology Stocks</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>