Financials Lead?
Last evening while reading market wrap information from around the net I stumbled upon Market Talk a Dow Jones Blog with the following headline: Financials Lead As Stocks Rebound I thought that a very interesting comment because I had already looked over the Morningstar Sectors and Financials were not the leader.
Sorting the Sectors by best gain to worst for the day [just a click on the heading]; Retail, Automotive, and Leisure were your leaders. Banking was in 10th place out of 31 sectors for yesterdays advance.
However if we look at indexes and pull up the same screen for Index Data; Bingo
The KBW Bank Index has 24 component issues you can check HERE! Is it a good benchmark or is Morningstar better?
Switching over to the Sector Composite information:
I see that the Morningstar Banking Sector contains 545 stocks as opposed to the 24 in the KBW index. Morningstar is a much broader based look at the Banking Sector.
Above is the Morningstar Banking Sector. If you pull up a BKX chart you’ll notice a very similar picture. Conclusion: Banks did not lead yesterday IMHO!
ETF Range Projections & A Quote to Start the Day
A good objective of leadership is to help those who are doing poorly to do well and to help those who are doing well to do even better.
- Jim Rohn
For more detailed economic data click “Today’s Calendar” in the navigation bar to the left. 
Once again the Shanghai Composite takes the high road while the other Asian and European markets are flat to a bit lower: Nikkei 225 -0.95%, Hang Seng -0.33%, Shanghai +1.27%, DAX -0.14%, and the FTSE 100 -0.17%
At about 7:35 AM ET ahead of a heavy calendar and FED speak, much like yesterday at this time the futures are pointing lower: Dow -56, S&P -7, NAZ -10, Oil -$0.48 and Gold -$5.80
