THE LARGEST BANKS IN THE UNITED STATES HAVE ENTERED A CORRECTION TERRITORY.
JP Morgan: -11%
Bank of America: -19%
Citigroup: -15%
Wells Fargo: -18.5%
Goldman Sachs: -24%
Morgan Stanley: -19%
US Bancorp: -15%
Capital One: -25%
PNC Financial: -16%
BNY Mellon: -14%
Even the Nasdaq KBW Banks Index, which tracks 24 U.S. publicly traded bank stocks, is now 14% below its August high.
What’s even more interesting is that during the market crashes of 2000, 2008, and 2020, the Nasdaq KBW Banks Index peaked 4–8 months before the S&P 500.
This means that if the Banks Index continues to fall even as the S&P 500 reaches new highs, it could be an important warning signal for the U.S. stock market.#IMFSaysTokenizedMarketsSmall #XRPSpotETFsHold$1.7BWeeklyInflowsSlow
JP Morgan: -11%
Bank of America: -19%
Citigroup: -15%
Wells Fargo: -18.5%
Goldman Sachs: -24%
Morgan Stanley: -19%
US Bancorp: -15%
Capital One: -25%
PNC Financial: -16%
BNY Mellon: -14%
Even the Nasdaq KBW Banks Index, which tracks 24 U.S. publicly traded bank stocks, is now 14% below its August high.
What’s even more interesting is that during the market crashes of 2000, 2008, and 2020, the Nasdaq KBW Banks Index peaked 4–8 months before the S&P 500.
This means that if the Banks Index continues to fall even as the S&P 500 reaches new highs, it could be an important warning signal for the U.S. stock market.#IMFSaysTokenizedMarketsSmall #XRPSpotETFsHold$1.7BWeeklyInflowsSlow