Not as many pointing this out as I would think.
Earnings drive markets again on Wednesday with IBM dragging on the Dow Jones Industrial Average and Morgan Stanley driving financials, and broader markets, higher.
The dynamics among 11 S&P 500 sector ETFs are difficult to decipher. REITs, consumer-related, energy, utilities, technology have rising or overbought momentum, materials, industrial, financial, health care, transports do not.
Bank of America reports first-quarter earnings and if it can show good loan growth, investors might begin to pile back in to the stock. These ETFs could benefit.