Yesterday's short-lived correction in US bank stocks did nothing to tarnish the shocking exuberance of the month of November. With just 5 down days in the month (so far), US Financials added over $275 billion in market capitalization in November - the greatest gain in the index' history.
Following September's bank bloodbath, Trump's win and the subsequent surge in interest rates sparked a buying panic unseen before in bank stocks...
The only thing is...
The yield curve and credit markets are not following suit...
And credit markets...
But then again - it's probably nothing.
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