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Caleb Franzen shares his perspective on the financial sector’s performance, pointing out that financial stocks, as represented by XLF, have consistently underperformed the S&P 500 index. Franzen highlights the ongoing downtrend in XLF relative to SPY, emphasizing that his view is based on market trends rather than personal bias.
Franzen previously noted that BlackRock clients sold $190 million of IBIT ETF holdings, describing the sales as independent moves by each investor. He also highlighted that the S&P 500 equal-weight breakout has held. These observations follow his ongoing commentary on key technical levels and investor activity.