U.S. bank and financial stocks, which had been in a funk since interest rates fell close to zero, have a good shot at beating the broader equity market in 2017. So the questions for investors are: “Which banks should I buy?” “Which banks that have already soared should I buy?”
This post was just published on ZYX Buy Change Alert. The Fed does not bow to the consensus of ‘one and done.’ Fed raises rates by 0.25% as expected. Here is the unexpected in the Fed statement. Fed expands the criteria for future interest rates beyond inflation and employment. Fed leaves
This post was just published on ZYX Buy Change Alert. The position is long with an average price of $34.14. As of this writing JPM is trading at $60.25. Currently, 10% of the full core position size is being held and there is also a trade around position. The current hedging program
Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) are rocketing as of this writing. Financial sector, as represented by ETF SPDR Select Sector Fund – Finan (XLF) is one of the top performing sectors in 2012. Subscribers to ZYX Global Multi Asset Allocation Alert have achieved a
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has
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