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On Yesterday’s edition of Bullhorn over at CNNMoney, Catherine and I discussed the predicament of the financial stocks ($XLF) and the hype around $SODA. Give a watch:
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The banks never really served a leadership role during the 2 year bull market but they always mattered. In late April into May, few pointed to the divergence between the broader market ($SPX) and the financials ($XLF). Nevertheless, the split which began on April 14th was a crucial tell and so I continue to…