There is no market sector that has been as embraced as heartily as financials
But, the domestic economy is slowing, the Trump regulatory and fiscal policy put may be waning, the yield curve is flattening, interest rates are contained, protectionism is rising around the world and bank valuations are back to pre-crisis levels. Sell financial stocks.
“Skepticism is the chastity of the intellect; do not surrender it lightly.”
–Richard Fisher’s mother (Richard is the former president of the Federal Reserve Bank of Dallas)
Group stink has never been more conspicuous…

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