i'm not into the stock market really, but just a thought...
i think retail banks like bank of america (BAC), comerica bank, etc. all thrive in a growing economy with rising interest rates. however, with what looks like a fed lined up to pause its tightening cycle, what impact will this have on bank stocks? from the technical side, bank of america has been in a steady uptrend since 2002, but looks like it's topping out around 52$/share. may be a good short candidate. any thoughts?
i think retail banks like bank of america (BAC), comerica bank, etc. all thrive in a growing economy with rising interest rates. however, with what looks like a fed lined up to pause its tightening cycle, what impact will this have on bank stocks? from the technical side, bank of america has been in a steady uptrend since 2002, but looks like it's topping out around 52$/share. may be a good short candidate. any thoughts?