On the first Friday night in November, bank investor Ben Mackovak sat outside his Cleveland home smoking a cigar, contemplating the ruin in his portfolio.
It had been a brutal year and he’d just taken another beating. The day after the U.S. election, the Nasdaq Bank Index he uses as a benchmark suffered its worst underperformance against the S&P 500 since 1987. Mr. Mackovak no longer saw a path to the higher interest rates that banks need to make more money in the coming years.
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Taking care of business😉
I know a few Senators who are happy about about that! Right, KLoeffler ? CrookedKelly GASenrunoffs TurnGeorgiaBlue MillionDollarCrimes
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