A BLUE CHIP EUROPEAN BANK THAT HAS PERFORMED BETTER THAN AMERICAN BANKS AFTER BREXIT $HSBC $BAC $C $JPM $BCS $DB $SAN $WBA
After the Brexit vote, European banks were hammered. American banks held up comparatively well as the prevailing wisdom is that large American banks are fairly insulated from European banks.
One good way to generate high risk-adjusted returns is to find anomalies that run counter to the prevailing wisdom. One such anomaly is a blue-chip European bank HSBC HSBC, in U. K. that has performed not only better than European banks, but has also outperformed American banks.
The charts
Let us start by looking at two charts. The first chart is a long-term annotated chart of HSBC that shows buy, target and support zones.… Please click here or the title below to read more.
July 21, 2016