SMO Exclusive: Strength Report Financial Sector 2024-07-17

Brian Degracia

17 Jul 2024 • 3 min read

Financial Sector absolutely crushing it as of/for the week ending 7/17/24 (Banking, Financial Services, Insurance, and Real Estate). Details attached in a manner not available elsewhere because I created it from scratch to answer on an on-going basis the following question: “Where is there strengthening and weakening in the market at the stock, sub-industry, and industry levels?”

Take a look, you might find this helpful. Some highlights:

🔹 Industry Strength Level Changes: ALL Strengthened
🔹 Industries: Strongest Banking (2Very Strong); Weakest Financial Services, Insurance, Real Estate (3Stronger)
🔹 Sub-industries (27): 81% Strengthened Ranking, 0% Weakened
🔹 Strongest: Foreign Regional Banks, SW Banks (1Strongest) Weakest: many at 4Strong
🔹 % stocks @ 5 Year+ Highs/Lows: Banking 16%, Financial Services 17%, Insurance 25% highs
🔹 Stocks, Positive:Negative: Avg 96%/4%; Banking 99%, Insurance 98%, Real Estate 97% positive
🔹 Stocks, Strongest:Weakest: Avg 58%/3%; Banking 59%:1%, Financial Services 60%:6%, Insurance 62%:6%
🔹 Outlier Stocks: Banking 80%, Financial Services 22%, Insurance 18%, and Real Estate 34% >+10%

General reminders:
- the stronger your stocks, the greener your P&L
- the journey to 100%+ returns begins with 10% returns
- the multi-month rally begins with one up week.

The stock market does not need to be so complicated.

Act appropriately.