BAC daily
BAC monthly
Summary
Suffice to add... higher rates are bullish financials, and to a lesser degree, the broader equity market and US ecomomy.
BAC remains my most favoured of the US financials.
Wednesday 13 December 2017
BAC - post hike cooling
The fed raised rates as expected, with Bank of America (BAC) seeing some classic 'sell the news' cooling, settling -1.6% at $28.84. S/t bearish... if only for a day or two. M/t bullish, as the psy' $30 threshold is due before year end. Many now recognise the $33s are coming, as higher rates are bullish financials.
BAC daily
BAC monthly
Summary
Suffice to add... higher rates are bullish financials, and to a lesser degree, the broader equity market and US ecomomy.
BAC remains my most favoured of the US financials.
BAC daily
BAC monthly
Summary
Suffice to add... higher rates are bullish financials, and to a lesser degree, the broader equity market and US ecomomy.
BAC remains my most favoured of the US financials.
