This Banking Stock Could Be Headed Down — Don’s Daily Brief
Banking earnings are revealing some significant weakening in banking stocks.
You’ve got this inverted yield curve which is really starting to bite into interest income.
You also have loan loss provisions skyrocketing. Goldman Sachs just reported tremendous loan loss provision increases.
JP Morgan showed the same just last week.
► Today, I want you to short another banking stock: CMA.
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ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
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