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Responsible-Rip4366 t1_jdp31t8 wrote
Financials only 10% of the index at this point, but good point. It’s all on the back of the consumer at this point. Once those monthly retail sales and consumer spending numbers roll over the fuckery begins.
VisualMod t1_jdnl503 wrote
The financials sector is expected to see the strongest earnings growth in 2023, with an estimated 14% increase from the previous year. The consumer discretionary and communication services sectors are also projected to see strong growth, while the energy sector is expected to experience a significant decline.
Wonderouswondr t1_jdp9cm2 wrote
What the actual crap
stubbly_bubbly t1_jdoa6ey wrote
RowPuzzleheaded3590 t1_jdpilas wrote
Rate increases usually dramatically improve bank finances. They are going belly up right now because they were forced to take on low interest treasuries at suppressed rates for a decade then the fed clicked an undo button in record speed before they could rebalance and unwind.
VisualMod t1_jdnl4ga wrote
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[deleted] t1_jdpk8mx wrote
[removed]
locoturco t1_jdwc3pp wrote
Then the day first a big bank make earnings call time to get some FAZ.
Vegan_Honk t1_jdnpmz3 wrote
Oh man if only everyone hadn't fucking undersold themselves last time like they were gonna turn this ship around.
I really hope each company wasn't banking on the FED flipping the fucking car because that...would be the exact worst fucking move one could make.