Bad news. Financial stocks are too weak. The market is saying the financial sector (click on graph to enlarge) is not strong enough to justify any optimism about the economy and the equity market.
You can rest assure the government will not stop with its "stimulus packages" until the market turns around.
Timing is crucial in this environment and our indicators have done well for our readers in giving the direction of the market in the past month.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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