Scott MartindaleThis seasonally weak time of the year has proven reliable once again. As I observed last week, the volatility index often hits a peak in October but has never hit a trough during this notorious month. Last week, I warned of more downside in stocks before any new highs are challenged. It was the type of week that tests investors’ bullish conviction, and it was way overdue. Read more about Sector Detector: Overdue market weakness finally hits, but sector rankings turn bullish

Scott MartindaleUntil today, the stock market had lost its year-end traction, and it is exclusively due to the unresolved Federal budget and the looming Fiscal Cliff and debt ceiling. Optimism among investors that something will certainly get done had fallen victim to political theater and the reality that our elected officials view compromise as a sure path to losing their next election. Read more about KRE - an ETF to play a 1Q rally

smartindale / Tag: sectors, ETF, IYF, XLF, KRE, CSE, BPOP, MTB, SBNY, FRC / 0 Comments