economy
February 25, 2026
A key financial ETF is now so depressed that it may be ready to bounce vs. the broad market
IAI's sell-off in 2026 has led to underperformance vs. the S&P 500, leaving the IAI/SPX relative ratio oversold, a rare occurrence over the past few years.

TL;DR
- IAI has fallen to its November low, testing a key support zone.
- A potential bearish inverse cup-and-handle pattern is forming near this support.
- The ETF's sell-off has led to underperformance against the S&P 500, with the IAI/SPX ratio becoming oversold.
- A bounce is expected on both absolute and relative bases, but upside follow-through is crucial.
- Long-term analysis suggests IAI may consolidate towards the middle of its rising channel rather than hug the upper boundary.
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