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ProCap Insights · September 17, 2026

Wall Street's Favorite Sector Is Its Fourth-Worst Performer This Year

Financials are one of the most crowded sector overweights on the Street, yet the sector ETF has gained 2.9% in 2026 while the S&P 500 is up 11.6%.1 The bull case is real, but it lives inside a handful of capital-markets banks, not the index most investors are buying.

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