You better pay attention to these fucking yield curves–because they’re steepening. TLT is getting the business and banks are going to mint coin on this move.
Very simply: there is an inverse relationship between the yield curve and equity performance in bank stocks. Now that yields are rising, and fast, expect your local money manager to awake from his slobbish slumber and get long super regionals.
I have two favorites: SBNY and BOFI, both high growth/quality super regionals.
I added to SBNY on this move here today.
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FAS brah
Fed IS Raising – Fed is NOT Raising!
Eenie Meenie Miney Mo?
already in BAC calls. today has been a nice day. your exodus is a fine product, sir.
I’ve been underwater in some $HCBK for a few years
They suck. Bounce out of it and into SBNY. Thank me later.
Want to follow you into SBNY – it’s at it’s all time HIGH! Booouncing
No record highs — — AGAIN