The Financial Sector Is Under Pressure

The heatmap below, courtesy of FinViz, shows the one-month performance of the S&P 500 financial sector stocks. As shown, Berkshire Hathaway (NYSE:BRKb) and the insurance companies are higher over the period, while the large majority of the remaining financial sector stocks struggle. For context, the S&P 500 was down 2.80% over the same period. There appear to be three primary factors driving weakness in financial sector stocks: Yield Curve: Via deposits and CDs, banks tend to borrow for shorter periods of t ...