If You Don't Know If We're At A Top Or A Bottom, Here's The ETF To Watch

The KBW bank index etf leads the S&P 500, according to Nomura technical analysts.

The firm’s research suggests the each time the KBW reaches a new high, so does the S&P 500. Similarly, when the KBW index reaches a new low, so too does the S&P 500.

But do you trust the KBW to confirm new lows and highs? Or do you believe that financials just represent a large portion of the S&P, and so it’s no surprise the two move together?

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Photo: Nomura

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