banks

“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.

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 the table after a a good run. Here's what I mean about being greedy (this is the same chart, only since the election): Or, more poignantly...   More from Reuters: Investors eased off from "Trump trade" bets during the latest week, snatching the most money from bank sector funds in more than a year and stockpiling bonds, Lipper data for U.S.-based funds showed on Thursday. Banks were set to prosper under an administration pushing infrastructure spending along with cuts to taxes and regulation. A hawkish response by the U.S. Federal Reserve was expected to keep interest rates rising, boosting bank earn
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