Banks/Financials under pressure.
From Greg M
Lions and friends..
The reason why banks/financials are under pressure today is the plummeting 10yr yield.
As you know- the 10yr yield above 2% is the sweet spot, I have covered this in my blog.
A MASSIVE SAFETY TRADE is causing the 10yr yield to NOSEDIVE.
In my opinion, as you already know, the 10yr yield WILL settle above 2% at one point.
I will keep you advised,
GM
Crude is going nuts! Hahahahahahaa! Are you guys buying the financials dips?
The bulls, bears, pigs, and sheep are in a panic! The Lions and Sharks smell the blood. Feeding time! Thank you Greg!