EFTA Document EFTA01459637

8 February 2016 US Equity Insights Sharp correction at Financials led by Bear market at Banks Banks are down -25% from their highs in mid 2015, about twice the 13% S&P 500 sell- off. While many investors are scarred by the financial crisis, it's not normal for banks to suffer nearly twice the S&P's decline in corrections. Unless Banks are at the epicenter of trouble (late 1980s, 1994, 1998, and since 2007), their beta is usually only slightly above 1 and not near 2 as recently seen. Inside