Diverging Sectors *PIC*

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TFC Commodity Trading Forum

Here are two interesting weekly charts. On the right, one of the largest U.S. retail ETF's XRT; note the lower high s for 2016, and one of the largest financial sector ETF"s on the left XLF w/ Gann Lines. Now I'd like to know who can financials keep rallying without retail?

My guess is we are about to see government subsidies being cut across the board which won't be good for retail, and even more important won't be good for the broader market.

We will also likely be seeing a sharp drop in government revenue due to corporate taxes being cut which would threaten dollar strength.

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