Bad News for Bank Stocks

Includes: KBE, KRE
by: Michael Panzner

In my latest column for DailyFinance, "Banks: Time to Take Money Off the Table," I talk about why now is not the time to invest in or own bank stocks. Aside from anything else, history suggests the sector tends to lag when interest rates are rising, which seems likely given rapidly deteriorating supply-and-demand fundamentals in the government bond market. The following chart illustrates the point:


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