US financials bearish outlook
Updated
Not an easy call. Technically it is more probable XLF to break the upper trend line and resume the bullish trend. But this is end of cycle so the upside is limited in my view with the rates being sqeezed, FED balance sheet tightening.
Comment
Economies slowing down globally. Peak auto hinted by weak output numbers by major industries.This upper trend cycle will soon be challenged. I'm worried about those bail-in rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.