Banks enter bull market

• The KBW Bank Index (ETF: KBE) is now up well over 20% since bottoming on February 11. In the period from July 22 to that February bottom, it had declined nearly 30%.
• Markets do look forward - the bull move hasn't been contained by a string of weak Q1 earnings reports from the nation's largest banks over the past week.
• For technicians who like to see confirmations, the run higher has them excited about the prospects for the broader market.
• J.C. Parets: "Do you know how many bull markets we’ve seen for U.S. stocks without the participation of the banks? Zero."
• Now read: What Have 'We' Been Doing All This Time? (April 20)