Friday, October 23, 2020

With The 10-Year Yield Up To 0.8650% It's Time For The Banks To Start Outperforming (BKX)

 Using the KBW Bank Index as our proxy here's a picture of how badly the banks have underperformed vs the S&P  over the last twelve months:

https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=BKX&uf=0&type=2&size=2&sid=8910&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=2042049418&compidx=SP500&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

BigCharts

At three months they are almost neck and neck:

https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=BKX&uf=0&type=2&size=2&sid=8910&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=6&rand=1792179915&compidx=SP500&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

BigCharts