, though not yet in a bear market, were all in correction territory, down more than 10% from their 52-week highs.fell into bear market level, down more than 20% from their recent highs. They are more susceptible to a squeeze in lending margins because they don't have big capital markets businesses to offset it.
Goldman Sachs, J.P. Morgan Chase, Citigroup, Bank of America, Morgan Stanley and Wells Fargo are all down at least 8% in August, with consumer-lending oriented firms suffering the worst losses.
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... and so it begins
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Jim Cramer is not worried about the yield curve, says Warren Buffett is buying bank stocksCNBC's Jim Cramer says the strength of the consumer sector and Warren Buffett's confidence in back stocks are key reasons not to overreact to the yield curve inversion. Jim is an idiot. Pay no attention. The yield curve is nothing and this scare campaigns happened last year for fews days but the this time the funds who caught short yesterday when Trump delayed 10% tariffs decision they found another reason to push the market down and they close the short with profit. jimcramer I'm a lot more concerned about 10yr real yields at 0.0% than the 2s/10s curve doing what the 2s/5s curve has been doing for the last 9 months. yieldcurve
Source: CNBC - 🏆 12. / 72 Read more »