Broker-DealersIAI Outperforming S&P Financials ETF (XLF) - but IAI vs. SPY is still a ways away from being interpreted as bullish IMO
IAI
iShares U.S. Broker-Dealers as a market barometeriShares U.S. Broker-Dealers as a market barometer ... looking for divergence between iai etf and spx index
Expect strengthLately we've been seeing out performance vs SPX in tech XLK, financials XLF and consumer discretionary XLY. I think we have no reason not to expect strength in XBI biotech to pick up some steam in the weeks to come.
