This Range is Tight

Not much doing today, unless you enjoy watching paint dry. As for me, I’ve had plumbers plumbing away at the kitchen ceiling since yesterday, them and their monkey wrenches. After they’re done, then my sheetrock guy, from the Ukraine, comes to make everything look like new. He fucking hates Putin.

Almost 70% of stocks are lower today and GPRO, YELP and DDD are popping up on my momo screens. This is all wrong.

By the way, go check the earnings calendar to make sure you’re not indadvertedly riding swing trades into earnings. It’s no joke out there. Stocks are being executed for missing whisper numbers, especially those with high expectations.

I’ve spent the majority of my time researching regional bank stocks. Under the radar, there has been a renaissance in regional banking, with revenues and earnings going through the roof. Some of these banks are growing revenues and earnings at 40% clips. Should rates rise and the yield curve steepen, there could very well be a wave of consolidation that permits these companies to merge and become super-regionals.

You want my list? I bet you do, you fucking lazy clams. Well, I am not giving it to you.

Okay, I’ll give you a few: CUBI, EGBN, PB.

There’s a lot more; you should go check out the sector.

Late afternoon prediction: Dow closes down 57, SPY down 2, Nasdaq up 9.