If you’re long FANG stocks into today you’re hating life. If by chance you own SHIT OILS, construction or anything in the commodity space — you are living fat and large.
Today is all about the seemingly out of control 10yr yield continuing to head up alongside oil and natty and the entire inflation narrative. This is receiving widespread allocations, as junior at the trading turret is booted from his tech plays and PM back from his cocained fueled sojourn into the Hamptons is positioning for $100 WTI.
Higher rates means wider spreads for banks, which is why you’re seeing regionals run fast.
I like them all here and believe this play has legs.
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