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This Financial ETF Is On The Verge Of Breaking Through It’s 52-Week High

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“The rally in the Financial Select Sector SPDR Fund (XLF) vividly illustrates investors’ renewed love affair with beaten-down bank stocks. Traders have also been driving up shares of bailed-out financial firms such as American International Group (AIG), Fannie Mae (FNM) and Freddie Mac (FRE),” John Spence Reports From MarketWatch.
Spence goes on to say, “XLF has risen [...]

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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