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Takeaway: Witness how the Financials (XLF) act with Bernanke leaning on the long-end of the curve.

Can you say D-O-G? That’s how the Financials act with Bernanke leaning on the long-end of the curve.

The XLF was down in a market up week last week, and were down again yesterday as consensus is forced to chase slow-growth (Consumer Staples +1.2% yesterday). The Yield Spread (10year – 2year) compresses again this morning to 219 basis points wide. It's a bearish U.S. Growth signal versus bullish Europe. 

XLF: PLAYING DEAD FOR BERNANKE? - drake1

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