Any meaningful increase in interest rates is not a positive for the financials. It is just wishful thinking that these financials are going to do well when the Federal Reserve raises interest rates.
Stocks: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)
Exchange Traded Fund: Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 19, 2016
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- The Fed Will Have To Go Back To Zero Interest Rate...
- America Is More Bankrupted Than Puerto Rico
- Stock Market: I Am Not Short
- We Are Already In A Recession
- This Is The Biggest Bubble The Federal Reserve Has...
- The Stock Market Has Gone Nowhere For The Last 12 ...
- This Economy Is A Disaster
- Markets: Gold, Gold Mining Stocks & Silver Stocks
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- Stock Market: Banks (J.P. Morgan (JPM), Bank of Am...
- Gold Stocks: Shaking Out The Weak Hands
- Stock Market: Will the Fed Raise Rates In June?
- The Next Crisis Will Be A Currency Crisis
- The Stock Market: Earnings, Federal Reserve
- Stock Market: We Are In A Earnings Recession
- The Stock Market Is Going Down But It Has Not Roll...
- Markets: The Bad News Aren`t Really Sinking In, Ye...
- U.S. Treasuries Are Not Risk-Free At All
- U.S. Debt: Is Default The Solution?
- Donald Trump On U.S. Debt, Interest Rates
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- Why The Federal Reserve Will Not Raise Interest Ra...
- Gold Stocks: Still In The Early Stage Of A Big Bul...
- Gold Will Get To 1,500 USD Relatively Soon
- Markets: In The Short Run Its All About Perception...
- The U.S. Dollar Will Accelerate Lower
- Dollar Weakness, Gold Strength Caught Wall Street ...
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