stewdamus

Regional Banks Are Still in Serious Trouble!

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BATS:KRE   SPDR S&P Regional Banking ETF
Traders,

For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real estate. Much of commercial real estate went vacant during COVID. We are only now beginning to understand the wave of bankruptcies that are crashing in hard as a result!

Watch this line closely or stay tuned here and I will keep you up to speed as I observe any significant changes.

Stewdamus

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