Financial Services Stocks Are Vexing Investors

The S&P 500 financial services sector, the second-largest sector exposure in the index, is down 4.6% year-to-date as of June 8. The article suggests the sector is underperforming despite expectations that it should be a decent performer this year, pointing to weak relative momentum and sentiment rather than a specific company catalyst.

Analysis

The S&P 500 financial services sector, the second-largest sector exposure in the index, is down 4.6% year-to-date as of June 8. The article suggests the sector is underperforming despite expectations that it should be a decent performer this year, pointing to weak relative momentum and sentiment rather than a specific company catalyst.