Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
Today’s standout is Financials, climbing into the #2 spot in our sector rankings.
After spending months near the bottom of the leaderboard, money is rotating back into the space. What was once one of the weakest areas of the market is now starting to catch a bid.
That kind of shift from laggard to leader is exactly what gets our attention.
And when you zoom in, the story gets even better.
Here’s a peek at our overall industry rankings, which shows Banks jumping 18 spots to take the top position this week.
Here are the Top 10 names in the Banks subsector, ranked by relative strength.
