News Formal

Bank stocks the only sector to gain from rising rate fears

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bank shares rose today as the rest of the market retreated. Fears over rising interest rates could be the cause.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Powell talking about the magical mystery rate, rather than letting the economy determine rates with oversight by the FED, has shown they have learned nothing from 07-08.

Of course....they control the market!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buy the market dip on interest rates fears and bet on bank stocks, Bernstein saysRising borrowing costs have scores of stock traders worried, but others – like AB Bernstein's top equity strategist – believe the latest sell-off in equities will give way to gains through the end of the year. Forget consumer and corporations are leveraged to the gills.
Source: CNBC - 🏆 12. / 72 Read more »