It appears that money may be starting to rotate out of financial stocks. The sector appears weak as the XLF has been struggling to reclaim its 50-day MA.
The stock market indices started out with a move to the upside, which was the high for the day as they came down in steady fashion until mid-afternoon.
There are now two economies in America. There's the rich, recovering economy, floating on $2 trillion in excess cash pumped in by the feds. And there's the poor economy, with millions of people drowning in all that inflation.
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