KRE:SPX has returned to its mid-band. All is well in banking and insurance world.
KRE has been a leader, thru the weather turmoil, in expressing volatility. It has now improved vs SPX as a benchmark by as much as it recoiled in anticipation of the storms.
Expectation would be that the market is now resuming its slow upward grinding mode until proven otherwise.
This is another slant on the recent excellent analysis by Mr. Bachnut, previously.
And, as previously noted on this board, when in a high-liquidity environment, there are many little money-capitals to stick into many different slots so there is a steady bid under many different markets.