I think that the relatively poor “price action” of various financial stocks is notable. It is one of many current indications that overall stock market health is not as strong as a casual glance at the major indices would indicate.
Below is a chart featuring the XLF (the financial ETF) on a daily basis since 2007. As well, the S&P500 is plotted above it, with GS and JPM shown below it. The blue line on each indicates the 200dma:
(click on chart image to enlarge)(chart courtesy of StockCharts.com)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1296.67 as this post is written