Chart Courtesy of Thomson/Reuters

I still give the finance sector an equal-weight asset allocation rating. If you would like to review all sector ratings, here's my post from July 2, Sector Ratings Set Asset Allocations. Following monthly benchmark revisions the number of buy-rated stocks fell to 114 from 176 with the number of sell rated-stocks down to 57 from 143. Given this balance the finance sector of 2954 stocks keeps its equal-weight rating.

On July 5 I wrote, Alcoa and 'Too Big to Fail' Banks Key Next Week's Earnings and profiled two community banks and two of the four 'too big to fail' money center banks. By the end of next week we will have heard from all four of the biggest banks and 14 community and regional banks. By then we will know whether or not bank leadership can be sustained.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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