Here's another chart today from Chris Kimble, his look at the Regional Bank Index (IAT), which was accompanied by this explanation:

"Rumors of my death have been greatly exaggerated!" Mark Twain.

This quote might apply to the U.S. economy, but it's an especially appropriate comment on the investor perspective towards the banking sector.

The Bank Index (BKX) broke resistance on March 31st and has tripled the advanced of the S&P 500 over the same time frame. Now the Regional Bank ETF (IAT) is working on breaking similar resistance.

Love them or hate them — so go the banks, so goes the economy!

See Chris's chart and comments on the Bank Index (BKX) from yesterday.