Right out of the gate this AM there was a large block of puts that traded in KRE, the S&P Regional Bank Index. When the etf was $56.50 at 9:45 am, it was reported that 10,000 …
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The Federal Reserve releases its stress test results in two installments over the next week. The first summary results will be released at 4 pm today, and the second data release will be on March …
Continue readingIn this morning’s Macro Wrap, I noted that interest rates were actually much higher now than they were when the Fed first mentioned tapering back in May. My conclusion: While interest-rate sensitive sectors were some …
Continue readingThere has been a major dichotomy within the financials sector in the past couple months. International investment banks have struggled, while U.S.-centric commercial and regional banks have been strong market leaders. To illustrate, here is …
Continue readingA couple weeks ago I was fairly adamant about the fact that rising rates, in a slow U.S. corporate earnings growth environment, with the backdrop of weakening global demand would serve as the sort of …
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