Financials And The S&P 500

10/01/12 01:30PM EDT

Year-to-date, the Financials SPDR (XLF) is outperforming the S&P 500 (SPY) quite a bit with the XLF up 21.7% compared with SPY, which is only up 15.9% during the same time period. The XLF’s success can be attributed to QE3 and Mario Draghi’s “whatever it takes” comments coming out of the ECB in Europe. 

Financials And The S&P 500 - xlfspy

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.