Bank Shares Break Decade-Long Trendline🔴

On a technical basis, bank shares have broken the post Lehman trendline going back nearly 14 years, as the impact on higher rates on funding costs, loan demand, and also market-to-market portfolio losses appear to have entered a new phase. While overall investment sentiment might be oversold in the short-run, the longer term technical picture looks rather ominous, and remain negative in our view of risk assets in the near-term.

#HigherRates #LoanDemand #MarketLosses #InvestmentSentiment #RiskAssets