Vote Of No Confidence Following FOMC As Banks Back In Spotlight

black android smartphone turned on screen

Image Source: Unsplash


Despite Chairman Powell attesting to the strength of the banking system, regional banks were back in the spotlight as the sell-off resumed following yesterday's close. The bearish tenor from yesterday extended in today's trading session as bearish options activity continued to escalate. Is the move over and is the market beginning to price in a rate cut? (KRE, USB, KEY, BAC, CMA, KEY, DEN, MRO, GDX).

Video Length: 00:10:28


More By This Author:

Rate Hikes And Vol Spikes, Your Post FOMC Update
Financials (XLF) And Fed Funds Rate Fun: Your Guide To Volatility In The Week Ahead
Manic Managers Show Our Troubles Ain't Over

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments