...What would get things going would be another increase in yields at the longer end. From today's 1.8240% on the 10-year, backing up to the 2.00 - 2.05% range should give the banks room to make some money and give lift-off to the stocks.And today:
Remember, there are two ways to steepen the curve: the bad way, the Fed lowers the short end reacting to weakness; the good way, the market raises the longer end anticipating strength.
KBE $46.48 down 0.11 (-0.24%)
XLF $30.30 down 0.005 (-0.02%)
Treasury yield, 10-year: 1.8970 +0.1070
KBE $47.74 up 1.34 (+2.89%)
XLF $30.82 up 0.59 (+1.95%)
I really should quit, right here.
