What Prompted the Dramatic Outflows From XLF ETF?

The video discusses the significant outflow of funds from the XLF sector ETF, the largest since 2009, and explores the unusual market behavior over a week. It examines the dynamics of sector ETFs, where investors often shift funds between sectors rather than withdrawing completely. The discussion highlights the impact of the Fed meeting and interest rates on the financial sector, noting that high volatility has been detrimental. However, recent GDP numbers and a more hawkish Fed announcement suggest potential market stabilization, which could benefit the financial sector.

How did the Fed's announcement impact expectations for the financial sector?

What is the general consensus regarding the stability of the financial markets for the rest of the year?