Financial stocks underperform

The United States primary export is debt and paper. The financials remain the primary conduit of that export. If the economic recovery is robust enough to withdrawal stimulus, why are the financial stocks lagging so badly during the equity rally?

Financials to S&P 500 Ratio:


Financials to Gold Ratio:


The big contraction of volume through gap resistance represents another nonconfirmation of price. The significant under performance of financials suggests that market views the stimulus withdrawal plan as more talk than action.

ishares Financials ETF (IYF):