Bank
stocks
close at a 52-week low, down 10% year-to-date and 18% from
their March high.
The rolling bear market in U.S.
stocks
is getting hard to shake off
In the weeks
following the election in 2016, regional bank
stocks outperformed the S&P 500 by over 20% on the belief
that new policies would benefit them. Fast forward 2 years
and these stocks have given back all of that outperformance,
relative strength at a 2-yr low today