Banks Bloodbath Into Red For 2018

By Tyler Durden of ZeroHedge
Thursday, May 3, 2018 11:16 AM EDT

"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.

Disclosure: Copyright ©2009-2018 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.