Did you see what just happened last month?
Financials went back and kissed the same prices they hit at their peak just before the Great Financial Crisis.
This is easily one of the most important price levels in stock market history. And I heard no one talking about it.
Meanwhile, the Home Construction Index did the exact same thing. In this case, even more special. The peak in Home Construction was when the fund launched, which is both classic and hilarious.
Here’s what these retests look like: [Read more…]