According to the FDIC's Quarterly Banking Profile report, the number of banks on its “problem” list is growing. Even with all the "healing" that has supposedly taken place, even with all the stimulus and bank bailouts, even with a steep yield curve, there are more banks on the list now than there were in 2009, and triple that of 2008.
Could this be why the S&P has been making most of its net progress in the overnight session, beneath the cover of darkness?
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