“Bank Stocks Are Either Cheap or Signal More Pain”
May 27, 2020
“Something strange happened in the U.S. stock market on Tuesday…
Rather, the most unusual part of the latest rally is that bank shares clearly led the advance. As of last week, Bloomberg’s 18-company S&P 500 Banks Index was down more than 40% in 2020, trailing the broader stock market by an almost unprecedented degree since the coronavirus pandemic shut down the world’s largest economy. However, the index soared 9% on Tuesday, far and away a bigger gain than any of the other 23 industry groups…”
https://finance.yahoo.com/news/bank-stocks-either-cheap-signal-192324417.html
This is an opinion piece and overall I’m pretty positive about the U.S. economy. That being said I don’t want an echo chamber. I want to see multiple opinions from different angles.