We don't have bull markets without Financials. It's just how the market works, both in the United States and Internationally.
European Banks keep ripping. Japanese Banks keep ripping.
And you're seeing it in the United States as well. Berkshire Hathaway is the largest component of the S&P Financials Index, and BRKA just went out at new all-time highs again this week.
Here are the exchanges, still dominating as well. Both the CME Group and Intercontinental Exchange are hitting new all-time highs:
If this is your first bull market, I would encourage you to go back and study former bull markets throughout history.
You'll notice similar behavior from Financials.
It's when things are making a turn for the bad that Financials really struggle.
We're currently seeing the opposite.
By my work, it's really the more "Value" oriented areas of the market that keep dominating returns, while the "Growth" areas have corrected.
Here is a list of the very best of the biggest companies in America. Notice all the Financials, Industrials, Healthcare and Energy.
This list is sorted by relative strength and the "Value" sectors are rising to the top. It's the Growth areas that are missing in action.
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