Stocks fall today as the investors step back from the two months rally. Specially the banking sector surged manyfold in last few weeks. All major banks recovered from it's low in March. Bank of America touched as low as $3 in March and it tested high $15 last week. Stocks have been rallying since hitting multi-year lows in early March. The Dow and S&P 500 have risen for eight of the past nine weeks; the Nasdaq has risen for 9 in a row. In that time the Dow gained 31% and the S&P 500 and Nasdaq gained 37%

After such a big run, it is expected that the market going to be in a consolidation phase for the next couple of months. In my opinion it's better be out of banking sector in short term. All the good news are already priced in and it would be hard to find more good news in near term.

Last week, the government revealed that 10 of the 19 banks that had been part of the stress tests would need to raise a capital. Bank of America, Wells Fargo and Morgan Stanley, 3 of the 10 banks needing capital. Some banks already started the process for acquiring capital and others expressed their confidence on the capital raise plan.