Banks and oil are next years winners
The drop in the bond yield and in spot oil prices today will make bank stocks like $Citigroup(C.US$ $Wells Fargo & Co(WFC.US$ $Bank of America(BAC.US$ fall even more. Bond yields are going to rise next year and unlike most equities, that benefits bank stocks. As for oil, $Chevron(CVX.US$ $Schlumberger(SLB.US$ $Exxon Mobil(XOM.US$ are going to dip further today. Oil will rise big time next year.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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Hummphry : Feel the need to replace petrol cars with electric cars
Mike HuntOP Hummphry: Numbers of EV right now are insignificant compared to sum total of cars being driven right now. May take 10 years for that sector to dent oil demand
103056427 : I hold citi. But I do have the feeling even with hikes.....I doubt it will rise
Mike HuntOP 103056427: Do you work for a hedge fund in Asia?
ATS A trade sniper : buying more for d roxket richie rich trend hohoho
Evelynne : As the price of oil is rising, I feel like I will take public transportation next.
Kayne79 : They have there ups and downs. Rave and anything to do with AI