A couple days ago we asked the question in light of rising long-term yields, a steepening yield curve and the ongoing reflation operations by policymakers.
Today the Regional Banks appear to be in receipt of the memo. So are the larger Pigs, as they take out the 200 day moving averages.
And the KBE/SPY ratio is ticking a new bounce high.
So far, so good for this play.
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