Banks Bloodbath Into Red For 2018

“No brainer” bank stocks are being battered…

All the big banks are now in the red for 2018…

Maybe the Libor-OIS, credit/liquidity issues mattered after all…

As The S&P 500 Financials sector drops to five-month lows…

It seems a collapsing yield curve matters more than one-off tax-cut gimmicks and some deregulation after all.

 

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