Yields pop strongly higher today (notes and bonds are sold off). The US 10-year yield is at 1.57% after targeting 1.60%-ish a short time ago. KRE is breaking out higher after the one-month move lower through the blue downward-sloping channel. KRE is up +3.2% and up over +3.5% a short time ago. XLF is up +2.4%. BKX +3.1%. RF +4.1%. PNC +3%. ZION +3.3%. JPM +2.9%. GS +3.1%. WFC +2.8%. BAC +3.3%. C +3.6%.
Banks are joyous with the steeper yield curve especially the regionals. Financials and copper are sending the stock market strongly higher. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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