KBE ETF: Bank Stocks Are on Fire
This week’s tech sector selloff has some investors feeling pessimistic, but there’s always a bull market somewhere, and bank stocks are on fire. In fact, the SPDR S&P Bank ETF (KBE) is up a scorching 17.99% over just the past month, at a time when the S&P 500 (SPX) is essentially flat. In comparison, the tech-centric Invesco QQQ Trust (QQQ) that invests in the top 100 NASDAQ (NDX) stocks, is down 2.4% (but down 6.3% from recent highs). Even after this significant run-up, banking sector stocks co