hedge dude

News Flash: Major Market Turns Aren't Announced In Advance

Just Financials short covering for hedge funds and underweight exposure reduction for mutual funds... So many people were in this trade for the last 6 months that this kind of move was predictable after bank earnings surprises. But this kind of call has been made for 6 months as well by a lot of strategists... The story will continue... NIM will be under pressure, fees will be under pressure, credit is still under pressure... So do you want to buy it with a valuation call ?valuation was already depressed 6 months ago... It's a financial crisis we are facing man ! Combined with inflation issues the global economy is at risk, it means staglation. The worst scenario you could have for monetary policy.