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XLF is a financial sector ETF. JPM is a huge bank. If JPM does badly, XLF should probably do badly, and vice versa. Then it stands to reason that if JPM falls b
by alpark3 3y ago
XLF is a financial sector ETF. JPM is a huge bank. If JPM does badly, XLF should probably do badly, and vice versa. Then it stands to reason that if JPM falls below XLF, it will soon go back up to where XLF is. This is relative, so the same situation with XLF rising above JPM, and JPM catching up/XLF falling back down, and similar situations.
- laputan_machine 3y agoThanks! I know it may seem obvious to people clued up on this stuff but it's basically a dark art to me. I appreciate the comment