A Breakout in the Bank Stocks is Not a Lock

The Street is VERY bullish on this group, but there are some real possible headwinds

• The action in the stock market yesterday shows that the tech stocks are still THE key leadership group…and that “rotation” will not take place if this group sees any kind of material weakness.

• There are certainly reasons to be bullish on the bank stocks. However, there are also some issues which could quickly create some serious headwinds for this group. Therefore, it’s post-Fed meeting action will be extremely important.