The market was mostly lower on yet another sleepy August day of trading. But bank stocks were among the more notable standouts. Bank of America (BAC) and JPMorgan Chase (JPM) were two of the better performers in the Dow. Morgan Stanley (MS) and Goldman Sachs (GS) were each up more than 1.5% And Citigroup (C) had gained more than 2%.
The big banks have been riding a hot streak for the past month -- even though second quarter earnings report in July were mixed at best. Is the worst over? Traders on StockTwits are mostly optimistic.
bespokeinvest: The rotation out of Utilities and other defensives has been fierce: http://t.co/bAOL0ug7$XLU $QQQ $SPY $DIA $XLF $XLY $XLI $IYZ
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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