Financial Stocks Underperformed in May; Short Positions Highlight Caution Toward Specific Sectors
In May, financial stocks (XLF) underperformed the broader market with a return of 0.65%, compared to a 4.84% gain for the S&P 500. Investor caution was evident in short positions targeting mortgage REITs and capital-markets-related firms.
Tickers: $XLF
Topics: financial stocks S&P 500 short positioning