stock ticker board

U.S. Banks stocks continue to fall

From Felice Maranz: (Bloomberg) — Big banks extended losses into a fourth day Friday, as 10-year Treasury yields tumbled, the 3-month/10-year yield curve inverted for the first time since 2007, U.S. manufacturing data missed expectations and Europe’s economic outlook darkened.

federal reserve building

Why this is a positive environment for big bank stocks

From Brian Sozzi: Jerome Powell’s Federal Reserve has long pivoted back to being super dovish. The 10-year yield has dived to about 2.6%. And markets have since been lulled into seemingly churning upward each day to reach the fall 2018 highs, absent the daily swings that traders at the investment banks crave. Hey, they have to […]

2019 Stocks increase

What’s Behind The Bank ETF’s Rally?

From Todd Shriber: Financial services, one of 2018’s worst-performing sectors, is looking to shed that laggard status this year. The group is off to a good start, as highlighted by the Financial Select Sector SPDR XLF 0.06%, which is up 9.15 percent year-to-date.

etfs money

Financial ETFs are Suffering

From Ben Hernandez: “There’s a lot of nuance in the decision. I think what’s pretty clear from the statement is Powell is not poised to turn sharply dovish,” said Brian Dangerfield, macro strategist at NatWest Markets. “The Fed is going to be data dependent, but the data on which they are depending has not slowed […]