Is This Why Financial Stocks Are Plunging Again?

By Tyler Durden of Zero Hedge
Tuesday, September 1, 2015 5:00 PM EDT

But but but... US economy is solid... curve will steepen... NIM... banks... bullish... buy... except that the market's perception of the credit risk in US financials is at 19-month wides. With counterparty risk rising, is it any wonder financial stocks are crashing?

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Eerily reminiscent of 2007 sadly. Credit spreads started to bleed off record tights... stocks ignored it... then it all went pear-shaped.

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Charts: Bloomberg

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