Over the last five sessions:
Leading: Insurance-Acc & Health
Lagging: Banks-Northeast
Author: Dean Kim
O’Neil Global Cryptocurrency Weekly
Solana has been the best performer year-to-date, gaining 104%.
U.S. Banks
KEY POINTS:
- In this report we examine historical relationship between the Fed Fund Rate and XLF and KRE to determine when we may see banks bottom. In the past cycles, banks do not bottom until we see the Fed cutting rates to stave off a economic hard landing.
- Valuation-wise, Southern regional banks have more downside risk given that the group is currently trading at 1.03x PBV vs. its historical low of 0.53x.
- Bank stocks that appear technically vulnerable are: BOKF, CFR, PB, TCBI, USBI.
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Banks – Southeast
Lagging: Insurance – Acc & Health
O’Neil Global Cryptocurrency Weekly
Solana has been the best performer year-to-date, gaining 120%.
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Insurance-Acc & Health (+6.1%)
Lagging: Finance-Mrtg&Rel Svc (-4.0%)
O’Neil Global Cryptocurrency Weekly
Bitcoin has been the best performer year-to-date, gaining more than 20%.
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Banks-Foreign
Lagging: Banks-Super Regional
O’Neil Global Cryptocurrency Weekly
Polygon and Cardano have been the best performers year-to-date, gaining more than 20%.
O’Neil Financial Sector Weekly
Over the last five sessions:
Leading: Finance-CrdtCard/PmtPr (+3.1%)
Lagging: Banks-Southeast (-2.5%)