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September 01, 2020 1:26pm
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Taming the Bank Trade

Taming the Bank Trade Dear Reader, How should we take that rug pull that happened on Friday morning? As I've noted, low-volume momentum is extremely dangerous... and key technical lines have fueled large selloffs that crush the FOMO traders. So while JPMorgan Chase (JPM) popped more than 7%, the regional banks remain stressed. PNC Financial Services (PNC) dropped 2.4% […] The post Taming the Bank Trade appeared first on Money Morning - We Make Investing Profitable .
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