Some observations by Goldman fins trader Sarah Cha on Friday’s odd fade in bank stocks despite solids earnings.
Things seemed rosier at 8am ET Friday .. 3 for 3 banks beating and taking guidance higher and yet banks ended -2%. Even best-in-class prints like JPM flat on the day. Why?
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https://www.zerohedge.com/markets/top-tick-why-sell-bank-stocks-despite-solid-earnings
