BANKS STRONGLY (& QUIETLY) IN THE RED FOR 2018
-- SOURCE: 05-03-18 ZeroHedge - "Banks Bloodbath Into Red For 2018" --
"No brainer" bank stocks are being battered...
All the big banks are now in the red for 2018...
Maybe the Libor-OIS, credit/liquidity issues mattered after all...
As The S&P 500 Financials sector drops to five-month lows...
It seems a collapsing yield curve matters more than one-off tax-cut gimmicks and some deregulation after all.