banks

take a look at these 2  30 minute charts of  the XLF  and the BKX ,Financials and banks.Look at the date on the inflection point it was the day that OMB Director Mulvaney took over  as head of the Consumer protection agency. Incoming Fed chairman Powell also sounded less aggressive when it came to bank regulation when he testified at congressional hearing earlier this week.less regulation=Higher bank stocks ,tax bill pass= Risk on . A double dose of good news for the sector that has also been provided a boost from the rotation out of Big tech into banks.

BKX  30 minute

bkx

XLF  30 minute

data line xlf

DOW +315

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