Page 6 of 6 FirstFirst ... 456
Results 61 to 67 of 67

Thread: Watching the Banks

  1. #61

    Default Re: Watching the Banks

    I'm surprised they didn't rally with those good earnings AND a pop higher in yields today. But yeah, so far its been a sell the news reaction.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  2.  
  3. #62

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,352
    Blog Entries
    45

    Default Re: Watching the Banks

    The underperformance by banks is a bit concerning, but it seems every time these banks report blowout earnings the market just writes it off as a "one-off".

    Overall breadth has been terrible the past two weeks and there's talk of this quarter being peak earnings. Seeing markets always look forward, it's looking more and more like a market correction is due.

  4.  
  5. #63

    Default Re: Watching the Banks

    "I'm surprised they didn't rally with those good earnings AND a pop higher in yields today. But yeah, so far its been a sell the news reaction."

    It's an eerie feeling with the banks. It's seems like they're just staying on the porch out of pure caution.


  6.  
  7. #64

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,352
    Blog Entries
    45

    Default Re: Watching the Banks

    They've definitely been hamstrung by having to hold extra reserves on their balance sheets. Unfortunately, they weren't able to do as much after being allowed to cut that money loose than many were hoping.

    Lending standards for homes are very high right now so the pool is small for potential clients. Prices for new autos aren't really increasing like the used autos are, so those loans aren't growing so much. Plus, any large loans will erode with inflation - if it keeps going up. Sounds like many are focusing on the credit card space right now.

    Energy and Financials are not loved sectors right now. This weeks action has made many of them cheaper.

  8.  
  9. #65

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,352
    Blog Entries
    45

    Default Re: Watching the Banks

    Latest from Argus. Banks upgraded to overweight.

    We continue to believe the Fed will place greater emphasis on its employment mandate than on managing inflation to the 2% target. Rising long-term interest rates and the steepening yield curve hold several implications for investors. We do expect interest rates to reverse course and head higher over coming months as the global economy recovers. We note that a wider spread between short-term and long-term bonds is beneficial for most of the Financial Services sector, which we recently moved to Over-Weight.

  10.  
  11. #66

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,352
    Blog Entries
    45

    Default Re: Watching the Banks

    Breakout move after exhaustion gap down, now above 50DMA. Bullish implications for entire market.

    xlf4.png

  12.  
  13. #67

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,352
    Blog Entries
    45

    Default Re: Watching the Banks

    New all time high for XLF.

  14.  
Page 6 of 6 FirstFirst ... 456

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
Watching the Banks
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Watching the Banks
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Watching the Banks
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Watching the Banks
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes