ETF MADNESS, UPDATE ON JPMORGAN AND CITIGROUP AFTER EARNINGS $JPM $C
This post was just published on ZYX Buy Change Alert. ETF madness is on display. In spite of good earnings from banks, bank ETFs are being sold on flattening yield curve. JPMorgan (JPM) is long from $34.14. It is trading at $107.53 as of this writing. Citigroup (C ) is long from $33.80. It is trading at $67.02 as of this writing. JPM and C reported earnings better than consensus but in line with whisper numbers. As of this writing bank stocks are seeing selling because of ETF madness. Such a reaction is quite common. Professionals who bought these stocks in anticipation of good earnings over