Ahead of Wednesday’s Fed decision, look at the 5-year record for money panicking out of this key sector.
From Jason Goepfert at SentimenTrader: “Traders have pulled money from financials. The primary ETF for the sector, XLF, has lost more than $1.2 billion over the past week, the most since the volatility surrounding “Brexit” and the 3rd-largest outflow since the bull market began in 2009 (see 5-year chart below).
***KWN has now released the extraordinary KWN audio interview with the man who counsels the most prominent hedge funds, institutional money, and the largest sovereign wealth funds in the world, Michael Belkin, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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