Last Friday the team on CNBC's Options Action discussed the merits of taking a bearish position in XLF and did so with good reason. The investors in the financial markets are nervous about the global economic outlook as the administration attempts to change the terms under which countries pursue trade policy. How this plays out is giving traders some angst, to say the least. Financials, like most other sectors, have sold off on the news of US tariffs on Chinese imports and the Chinese have made threats in kind.
