Citigroup

Financial Select Sector SPDR and the Bernanke Floor

As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.

U.S. Stock Market

U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June. 

Mid Day Update

The U.S. equity averages are on upswing once again. The tech sector continues to weigh heavily on the sector.