Again assuming our outlook on bond yields is correct it could prove a headwind for the US banking sector, although it wasn’t the case overnight with WFC rallying over 3%. The stocks almost tripled since its panic low in 2020, importantly this is currently our largest holding with a 9% weighting hence we are considering reducing into current strength.
scroll
MM is considering taking profit on part of our WFC holding into strength
Add To Hit List
Relevant suggested news and content from the site
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.