Is the Bank ETF Sell-Off a Cause for Concern?
The financial sector has been a top-performing sector in 2012 after last year’s debacle, but an unexpected drop in new U.S. home sales prompted a round of profit taking in bank stocks and related exchange traded funds. SPDR S&P Bank ETF (NYSEArca: KBE) was down 2.5% Thursday and is...
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