Bank stocks hit a 10-year low against the S&P 500. 2 stocks look bullish right now.

The XLF/SPY ratio closed Friday at 0.0695, the lowest reading in the eleven-year sample from January 2015 through May 2026, the period since XLF’s current sector composition was established after the XLRE real-estate spin-off in October 2015, while the S&P 500 prints fresh all-time highs.