Lions and friends..
BAC, JPM, and GS are up strongly in early trade today. These positions have certainly been laggards for a while now. It appears to me that the underperformance of the financial sector may be turning around and this will give a boost to the overall market.
To say the least our oil and gas producers have been STRONG performers, XOM, CVX, and DVN. As most of you already know, I did pull profits from XOM and CVX and put it all into DVN. With these oil and gas producers I see more upside.
Keep in mind that banks are tied to big oil, and they provide the financing. With that- IMO, it really is just a matter of time before banks start to perform.
GM
Spot on again, Sir!
As a long-standing Physical Gold & Silver holder, the very least JPMorgan can do for having criminally suppressed & rigged the PM Markets is pump their stock price and pay me a quarterly dividend 😃
Greg, Did you mention the hefty div from DVN? A bonus.
Ex div is June 10 I believe