Financial stocks shine brightly as the rest of the market takes a hit today. The financial institutions are not reacting favorably to a weak Dollar policy. While a weak Dollar policy sends investors running for commodity plays and technology stocks, it seems to leave out the banks. Over the last two days, as the Dollar has advanced and commodity stocks have crumbled, financial stocks have seen a solid boost in money flow. A good example of this disparity today would be Goldman Sachs Group, Inc. (NYSE:GS) which is trading higher at $159.09, +0.80 (+0.51%) as the markets are sharply lower on a stronger Dollar.  In addition, Bank of America Corporation (NYSE:BAC) which has been under major pressure lately is surging higher as well. It is trading at $11.56, +0.26 (+2.30%).  JPMorgan Chase & Co. (NYSE:JPM) is also slightly higher on the day.

While the markets have been near 2010 yearly highs, the financial, bank stocks have not been anywhere close. Regulation and the Dollar seem to have been keeping buyers away. 

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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