Apr. 21 at 11:56 PM
Trust & custody names like
$NTRS and
$STT have quietly been one of the stronger pockets inside Financials lately, and the tape is starting to reflect that shift.
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Momentum has clearly picked up in recent months, with flows and relative strength improving even as broader macro noise stays mixed.
$STT in particular has pushed into stretched territory near term — no question it’s overbought on short timeframe indicators — but the bigger picture still looks constructive.
What stands out here is not just price action, but structural behavior: steady acceleration in a space that used to trade like dead weight.
Until we see clear distribution or breakdown in trend, it’s hard to justify pressing the sell button on names that are showing this kind of sustained institutional bid. Financials might finally be waking up — and these custody players are leading the charge.
