Bank Stock Earnings Were OK, But the Charts Look Awful. 1 ETF to Profit From the ‘Bearish Financial Trade.’

Core Insights - The stock market exhibits a short memory, which may not be beneficial for traders in the current environment [1] - Major banks and brokerage firms have started the earnings season with results that slightly exceed estimates, reflecting a trend of low expectations [2] - There are concerns regarding the recent performance of major banks, indicating potential market volatility ahead [3] Company Analysis - JP Morgan Chase (JPM) shows signs of having peaked, with its 20-week moving average at risk of rolling over for the first time since March, suggesting a potential downturn [4] - Goldman Sachs (GS) is viewed as a leading indicator for financial crises, with current price trends indicating a possible rough period ahead, suggesting that much of its stock movement for the year may be behind it [5][6]