The Financial Select Sector SPDR Fund (XLF) has been a big focus for traders and investors lately with the failures of SVB Financial Group's (SIVB) Silicon Valley Bank and Signature Bank (SBNY) . Trading volume has soared and the price of this closely followed ETF has plunged quickly, which may have unhinged some traders.
More from ETFs
Here's How I'm Approaching the Popular TLT Treasury Bond ETF
The thing is, this ETF could break either way based on where it is at present.
Are You Chomping at the BITC for a Direct Exposure Bitcoin ETF?
Let's take a close look at the Bitwise Bitcoin Strategy Optimum Roll ETF, its exposure to bitcoin, and ... Contango.
Trading the Index ETFs? Here's What You Need to Know Now
While QQQ bulls may be frustrated, they still get the benefit of the doubt. The SPY and IWM are another story.
Traders Continue to Disbelieve What the Fed Says It Will Do
Despite the central bank's insistence that it won't cut rates, the market is betting rates will be lower by the end of the year.
Regional Bank ETF Hits a New Low as Bears Growl at the Sector
The KRE is reflecting the worries about its holdings, such as Western Alliance Bancorporation.