The Big Bank Long Has Turned into the Big Bank ShortBy
KBW Bank Index tumbles 24 percent since July into bear market
Financials are second-worst performing group in past month
Remember how investors piled into financial stocks betting higher interest rates would stoke an earnings renaissance? A month later, that big long is a big short.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.