The foundational problem here is that globally there is no growth story that does not involve assistance from central banks, which has been clear for a few years now. Regardless it has been great to be in stocks but, at the end of last year signs of the US consumer slacking off started to crop up. The first signs were in durable goods after that, transports fell...
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...
As we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial...
The coronavirus COVID-19 overreaction pushed stocks to their lows. Looking at the charts for ABN AMRO BANK N.V. we can say that this Dutch bank is heavily oversold.
The bank like the industry as a whole is on a long term bearish trend since the pre subprime mortgage crisis in 2007. On the 1W chart we see a clear bearish curve (RSI = 42.379, MACD = -0.083, ADX = 31.053, Highs/Lows = -0.0432) with Lower Highs and 3.1000 as the Support. Since 2009, once the price crosses the 1W MA200 (orange line) SAN becomes a long term Sell...
Banco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is on identical levels with the last time a similar break out took...
Goldman Sachs failed triangle formation before earnings. Some lines and connection have been averaged with step-line over log (chart is self-explanatory).
Sberbank shares have nice support starting from 200 and down to 187. After that there will be a gap till 174.
TD showing strength compared to the other Toronto based financial institutions like CIBC, HCG, LB, etc., but may present a good opportunity to add to our "short Canada" trade.
So, if you look at XLF, Never fully recover since the financial crisis, so the big jump in Yields, since 2017 trump presidence is back where all rally started, the weird thing is that correlation bewteen yields, and bank stocks was right in dicember and these 5 month rally, in anticipation of earning is not price in, earning cuts, honestly did you know that banks,...
Steve Eisman (depicted as Marc Baum in The Big Short movie) has publicly revealed the institutions he is shorting in anticipation of the next wave of credit normalization. They include RBC, CIBC, Home Capital Group, and Laurentian Bank. Steve has not revealed his targets or how far exactly the trade will go, so the estimates on the chart are my own. As you know,...
The fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of...