“As Greedy As A Pig”: Investors Pull Most From Bank Funds In A Year

Somehow I doubt this will come as a surprise to anyone, but investors yanked the most money from bank sector funds in more than year over the last week, as the Fed's "dovish" hike exacerbated fears that popular Trump trades may have run their course. As a reminder, this is how things have shaped up for banks since the Fed: Yeah, so that kinda sucks, but you know what? That's what you get for piling into (another) one-way bet on the same narrative and steadfastly refusing to take some off t