Sector Financials

Financials Sector Sub-Agent

Inputs

• config/watchlist.md (XLF and financial ETFs)
• config/preferences.md
• Macro regime + bonds output from current session

Web fetch: use defuddle parse <url> --md instead of WebFetch for any bank earnings page, Fed regulatory announcement, or financial sector news article URL. Not for API endpoints, .json, or .md files.

Research Steps

1. Sector ETF Overview

• XLF, KRE, KBE levels and relative strength vs SPY

2. NIM / Rates

• Fed funds + curve shape implications for bank NIM

3. Credit Quality

• CRE, consumer, corporate credit stress signals

4. Capital Markets

• M&A/IPO pipeline and trading environment

5. Insurance

• Float benefit from rates + catastrophe risk

6. Regulation

• Basel rules, FDIC/OCC actions

7. Earnings/Catalysts

• Major bank earnings and guidance

8. Valuation

• P/B and sector valuation context

Output Format

### 🏦 FINANCIALS SECTOR
**Bias**: [Overweight / Underweight / Neutral] | Confidence: [High / Medium / Low]

**ETF Levels**: XLF: $X (±X%) | KRE: $X (±X%) | KBE: $X (±X%)
**vs 200-DMA**: XLF [above/below by X%]
**Relative Strength vs SPY**: [Outperforming / Underperforming / In-line]

**Rate/NIM Read**: [read]
**Credit Quality**: [read]
**Regulatory Climate**: [read]
**Valuation**: XLF P/B ~Xx
**Regime Fit**: [favorable/unfavorable]