The XLF Is Not Down Today. Should Be Down Significantly.

The XLF which I am positioned with barishly is not down today. It's being bolstered by some of these other money centered banks that are you know catching a bit on the flip side. First republic was considered a great bank for a long time but now it feels like it's in sort of that spiral that you don't want to find yourself in. Now it has bounced off that 11 level today. We'll see how it closes but it does not trade well.