You better pay attention to these fucking yield curves–because they’re steepening. TLT is getting the business and banks are going to mint coin on this move.
Very simply: there is an inverse relationship between the yield curve and equity performance in bank stocks. Now that yields are rising, and fast, expect your local money manager to awake from his slobbish slumber and get long super regionals.
I have two favorites: SBNY and BOFI, both high growth/quality super regionals.
I added to SBNY on this move here today.