Financials Dominate Market Volume, BofA Cracks 1 Billion Shares Traded (BAC, WFC, JPM, XLF, FAZ, FAS)

Themis Trading's Joe Saluzzi noted that financials are back to dominating the volume in the market. Joe said volume for Bank of America (NYSE: BAC), Citi (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE: JPM), Financial Select Sector SPDR (NYSE: XLF), Financial Bear 3X Shares (NYSE: FAZ) and Financial Bull 3X Shares (NYSE: FAS) represented 39% of the NYSE consolidated volume today.

He said even more striking was one stock, BAC, traded over 1 billion shares and represented 17% of the NYSE consolidated volume.

Joe jokes, "The high frequency automated traders must have blown a fuse in their supercomputers trading BAC today."

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