Filed under: Indices, Market matters, Money and Finance Today, Technical Analysis, S and P 500, Federal Reserve

Many financial stocks have been on a tear since the Federal Reserve’s surprise 75-basis point inter-meeting rate cut on January 22. For example, the KBW Bank Index — which has an equivalent exchange-traded fund, the KBW Bank ETF (AMEX: KBE) — has rallied 16.1%, beating the S&P 500 index by more than 10 percentage points.

Yet not all financial sub-groups have kept pace with the banks. For instance, after performing well in relative terms during the fourth quarter, insurers have stalled, with the KBW Insurance Index — which has an equivalent exchange-traded fund, the KBW Insurance ETF (AMEX: KIE) — more-or-less tracking the move in the overall market in recent weeks.

Continue reading Insurers poised for a bounce relative to banks?

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This entry was posted on Monday, February 4th, 2008 at 5:52 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.