Market seems to be having a short bounce on a support price level, but there is no real positive news that looks to push markets higher.
We are also in the bearish months of the year
Market look looks to test the 50 day moving average where we will look to add something like a SPY Bear Put spread to give us more protection on the way down.
Why SPY Bear Put? The spread will make it a bit cheaper as these options are very expensive.
BAC, JPM
Possibly taking protection off
Article on CNBC from Hugh Son and Michael Bloom highlighting how banks should do well in rising interest rate environment IF the economy avoids a recession
“Loan balances for the industry are heading for a 2.6% quarter-over-quarter increase… With higher rates should support more net interest revenue growth.”
“Loan losses on credit cards and other products are still low”
