“The Fed is actively tapering QE just as I forecast it would. It started off with $10 billion this month and will most likely lop at least another $10 billion off the program at each of its next several meetings. The Fed has also completely lost its battle to anchor long-term yields, which are rising across the board. That is alleviating the NIM squeeze for banks … and if rates continue to climb this year and next as I believe, even more relief is coming down the pipeline. The trick is knowing which banks can benefit from these emerging trends, and which financials will get hurt by them. Some are highly exposed to businesses like mortgage lending, which will get hurt by higher long-term rates.”
http://www.moneyandmarkets.com/whats-behind-the-newfound-love-affair-with-bank-stocks-57422
Tip Freedomwat.ch Staff with Bitcoin