There’s No Bull Markets Without Financials

Sing up for my free daily note here.

We don’t get bull markets without Financials.

That was one of the first things I learned when I joined ASC almost five years ago.

These stocks are the purest barometer for the entire market, giving a clear picture of risk appetite and overall market health. 

They dominate major indexes globally and hold the second-largest weighting in the S&P 500. 

Generally, as Financials go, so goes the broader market.

The Equally Weighted Index just hit all-time highs, making this one of the most bullish developments in the market right now.

Maybe these aren’t the highest-beta names, but nobody can argue with how crucial they are — when they’re in good shape, the market usually follows.

And right now, they’re trading at the highest levels in history…

I hope you had a great Christmas and were able to enjoy some well-deserved time off.

For a limited time, get 50% off ASC Premium — and Annual members also receive free early access to Steve Strazza’s new Project X. 

It combines fundamentals, earnings sentiment, trend, and momentum to pinpoint the hottest stocks early.

Lock in your spot today and see the trades before everyone else.

Alfonso De Pablos, CMT

Director of Research, All Star Charts