Sector Rotation (AAPL,C) – Wednesday 11 Jan 2012 (14:56)
Well it’s taken a while but finally the Financials (XLF) look like they’ve bottomed and started to break out into an uptrend. On the flip side, looks like some profit taking in Apple (AAPL). What could be driving the move is the potential for increased interest rates and therefore widening spreads for the banks. We’ll see.