The financials haven't been a great place to be recently. With only a 2.7 percent rise over the past three months, they've actually been the worst-performing of the 10 S&P 500 sectors over that time frame. And according to close chart-watchers, a rebound shouldn't be expected anytime soon.
"Financials continue to underperform the market month after month after month," wrote Sterne Agee chief market technician Carter Worth in a Monday note. "And if one excludes certain very strong, large-cap, marquee names that are buttressing the sector (such as Wells Fargo, Berkshire Hathaway, American Express) things would be even worse. …Bottom line: We retain the view that Financials are not a good place to be."