by Chris Kimble | Sep 6, 2024 | Kimble Charting
It’s September and the stock market is trading just below all-time highs. BUT, volatility has crept into the equity markets. Uncertain economic data, questions about the Federal Reserve’s next move, domestic politics, and wars abroad are consuming investors. SO, it is...
by Chris Kimble | Oct 30, 2023 | Kimble Charting
For this first time in his tenure as JPMorgan Chase president, Jamie Dimon sold some shares on Friday. Does he know something that we should know? Are bank stocks in trouble?? Well, it’s time to look at the banks… above is a “weekly” chart of the Bank Index (BKX). As...
by Chris Kimble | Jul 10, 2023 | Kimble Charting
It’s always nice to see bank stocks leading the market higher… but it doesn’t always work out that way. Which is why we always let the price action (and patterns) dictate our investment choices. For most of my career, though, bank stocks have liked rising interest...
by Chris Kimble | Aug 10, 2022 | Kimble Charting
The health of our banking and financial sector is critically important to a strong economy. It’s also important to the stock market. Today, we look at a long-term ratio chart of the Bank to S&P 500 Indices. We also compare this to the S&P 500 Index performance...
by Chris Kimble | Sep 2, 2021 | Kimble Charting
Investors understand the importance of banks to the economy and the broader market. And since bottoming with the coronavirus crash, the $BKX Bank Index has more than doubled. BUT, this year has seen the Bank Index slow its roll – see point (1) on the $BKX “weekly”...
by Chris Kimble | Jul 7, 2021 | Kimble Charting
Financial and bank stocks have been lagging the broad market for the past month. While the S&P 500 is posting new all-time highs, the SPDR Financial Sector ETF (XLF) is trading below its highs. This chart comes from Marketsmith.com, by Investors Business Daily! So...
by Chris Kimble | Mar 17, 2021 | Kimble Charting
While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today. This is evident by how severely bank stocks have lagged the broader stock market since the Financial Crisis low in 2009. But not...
by Chris Kimble | Sep 14, 2020 | Kimble Charting
The saying “So Goes The Banks, So Goes The Broad Market” is about to experience a big-time test! This chart looks at the Bank Index (BKX) on a monthly basis over the past 8-years. Since 2015 the 78 price zone, reflected by line (1), has been tested as...
