Money Is Suddenly Rotating Into Financial Stocks. Here's What's Driving It -- and Whether the Move Lasts.

Published July 15, 2026 · Category: Finance

Overview

After a long stretch of subpar performance, financial stocks like Bank of America (NYSE: BAC), American Express (NYSE: AXP), and JPMorgan Chase (NYSE: JPM) are finally rallying. In fact, since the beginning of June, the State Street Financial Select Sector SPDR ETF (NYSEMKT: XLF) -- a tradeable proxy for the entire sector -- is up by more than 8%, while the S&P 500 is little changed That's in sharp contrast to the stocks that had been leading the market for so long. The Roundhill Magnificent Seven ETF (NYSEMKT: MAGS) is actually down by nearly 4% for the same time frame, held back by Alphabet and Microsoft.

XLF data by YCharts.

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Source

Originally published at www.fool.com.

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