Relief bounce right now but it is having a difficult week and month, along with many of the financial stocks....rates and yields are damaging this and this is unfortunately following the amber line very well.
This needs the yields to come down (and so does $pypl and $sq) and we have shown on the US10 Year chart that the top is close, we just have to see how extended it goes first.
Steve Suric
2023-09-27 21:33:36 +0000 UTC