(Premium) December Financials Outlook

Financials are setting 6-month highs after breaking out above their August peak.

On a relative basis, the sector is stuck below overhead supply from the last two years of action. Until we get a clear resolution, a neutral position is best for the group.

Insurance stocks are still the best positioned, as we talked about last month. Globe Life is on track for its target up near 140.

Chubb is breaking out above 215 with a target just below 300.

And Marsh & McLennan is threatening to resolve higher from a 12-month consolidation.

The post (Premium) December Financials Outlook first appeared on Grindstone Intelligence.