KBWP

KBWP remains in a Stage 2 advance, pulling back into the rising 9/21 EMA support zone on lighter volume. The mid-July Bullish Exhaustion pattern signals short-term momentum fatigue, but no rejection is visible and structure holds. With the Stable strategy favoring controlled pullbacks, buying now aligns with internal demand dynamics.

• ↑2026 EPS guidance for Ellington at $2.12 signals sector earnings strength.
• ↑KBWP rose 6.2% in July vs. growth stocks’ 2.5% decline.
• ↓Continued rate hikes risk lower underwriting volumes and premium growth.