The banks just posted a rare winning streak

CNBC | September 13, 2017

The banks just posted a rare winning streak
The popular S&P bank-tracking exchange-traded fund just logged a unique streak of wins for the first time this year, though some say the recent momentum could be nearing an end. The KBE, comprised of more than 70 large and regional banks, was higher on Wednesday for the fourth straight session. Tuesday's close marked the third straight session in which it rose by 1 percent or more something it hasn't done since last December's four-session 1 percent-plus winning streak. This upside has coincided with a rising yield on the 10-year Treasury note, which is generally seen as a positive factor for the lenders.The exchange-traded fund has benefited from the recent positive performance by regional banks and a relatively strong economic backdrop, but that should fade in the near term, said Max Wolff, chief economist at Disruptive Technology Advisers.

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While money doesn’t grow on trees, it can grow when you save and invest wisely.Knowing how to secure your financial well-being is one of the most important things you’ll ever need in life. You don’t have to be a genius to do it. You just need to know a few basics, form a plan, and


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Spotlight

While money doesn’t grow on trees, it can grow when you save and invest wisely.Knowing how to secure your financial well-being is one of the most important things you’ll ever need in life. You don’t have to be a genius to do it. You just need to know a few basics, form a plan, and

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