From the Desk of Alfonso Depablos @AlfCharts
As equity markets continue to repair the damage from April’s correction, we continue to find more and more stocks — and groups of stocks — that we want to be buying.
A growing number of those groups are coming from the financial sector.
Financials have made a comeback in the last week as a handful of financial indexes and individual issues are reclaiming their prior-cycle highs.
The relative trends are improving as well, with the large cap sector SPDR $XLF hitting new 52-week highs versus the S&P 500 recently.
When we think about the strongest stocks within financials, asset management and capital market stocks are top of mind.
In today’s post, we will dive in and outline some of our favorite charts in the space.
Before we do that, here’s the SPDR S&P Capital Markets ETF $KCE pressing against its former highs from 2021: