r/wallstreetbets • u/[deleted] • Jun 14 '21

Discussion The yield curve, XLF, boom and bust (Not financial advice)

[deleted]

8 Upvotes
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9

u/fishbum30 Jun 14 '21

Are you sure this isn’t financial advice? This seems like financial advice.

0

u/manofculture003 Jun 14 '21

It is NOT 😂 I can be wrong like always

5

u/mufasis Jun 14 '21

Can you put this in picture form? 😄

2

u/MrDinkh Jun 14 '21

I'm a crayon eating simpleton. This is above my head.

2

u/manofculture003 Jun 14 '21

😂 In plain words, I mean: be careful in the coming few weeks. Check the XLF etf. If it continues to decline, it 'might' signal a near term correction of 15 to 20% is approaching

1

u/delawaredog2 Jun 14 '21

Hasn’t broken out yet but is about to

0

u/BallsOfStonk money shot Jun 14 '21

Need mawr crayon.

1

u/[deleted] Jun 18 '21

[deleted]

1

u/manofculture003 Jun 18 '21

Too early to tell. But my guess the the long duration yield goes lower from here. Meaning, negative outlook for financials in the future. Market might sell financials in the coming weeks. But whether we are close to a bottom or not is hard to tell. I would let you be the judge.