The 18 large US broker/dealers that make up the ‘XBD’ Index stumbled the past year, leading the broader S&P lower into February and with a lesser rebound since. Similar price action was noted in the fall of 2007…
When the broker/dealers’ stock prices lose “confidence” the SP500 isn’t far behind… pic.twitter.com/gtsE9Ay3yo
— Cory Venable CMT (@CoryLVenable) April 24, 2016
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