Banks In Big Trouble — Don’s Daily Brief
Overnight, JP Morgan confirmed that an inverted yield curve is not good for bank interest income.
So you’re seeing the banking sector off significantly.
That’s only going to prove more challenging as the Fed continues to tighten, exceed expectations on the high side of interest rates, and drive this economy into recession.
Banks are going to suffer significantly as a result.
Yesterday, I had you go short Eaton Corporation if it went below a certain trigger level.
It did not hit that trigger level yesterday, but it still looks good and it’s just hit that trigger.
► The Volume Profile looks excellent for it, so today I want you to short ETN.
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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.
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