An up close look at the slaughter in the financial sector.
How bad is it out there this week for the big boys in the financial sector? How have they held up during earnings? Well, let's look.
Goldman Sachs? BOOM! 9 months of progress gone in less than a week. Next.
PNC? Ka-pow! Looks like we've been pumped....and dumped..!
U.S. Bancorp? (USB) SPLAT! Murdered! More pump-age, more dump-age!
Truist (TFC) - C'mon.... no whammies....no whammies....! SOLD to the highest bidder! Yet another bull spike being sold off as earnings don't satiate the market trolls.
Schwab (SCHW). I can never spell this thing right. Swab? Shwab? Schwing? SMACKDOWN all red-headed stepchild like. Booyah!
Up until this point the earnings have had that much hated red "E" symbol on their charts. Bad banks. Are there any banks not on the naughty list? YES!
BAC - Lo and behold, the mighty GREEN "E"! Winner winner chicken dinner!
Oh crap. Not again! Something's wrong with Tradingview. It can't be this bad, can it?
Citigroup - C - You know you're bigtime when you get a single letter for a ticker. And because they are so cool they get the elusive green "E" for being a good bank on Earnings day.
Oh. Wait. SPANKED? What?!
Morgan Stanley - MS - Oh these guys have been the bomb diggity like alllllll year yo. They went up like 18 months straight after the Covid March 2020 nuke was dropped on Planet Market. Surely they can buck the trend!
I give up! I'm running out of things to say here. Really, the adjectives for AWFUL have ran dry. My brain hurts.
Wells Fargo - WFC - OKAY FOLKS. NO MORE MESSING AROUND. I'm bringing out the bazooka. All hands on deck. Ima make me some money going long here. They CRUSHED their earnings big boy style. +25% surprise! +11% surprise on sales!!!@#@!$#@!$#
Oh hell no. This can't be. I expected the classic Pump and Pump. You know, the doublepump? Say it with me.... doublepump. Just sounds cool. Like cover-your-kids-ears type cool. Instead. Well. Yeah. Mr Wells and Mr Fargo have left the building.
So there you have it. Everyone on my watchlist of banks. ALL earnings have been sold, regardless of what they said. The market Gods have spoken loud and clear - SELL SELL SELL SELL!#$!@#$!@$@#$%# Boomshakalaka.
Goldman Sachs? BOOM! 9 months of progress gone in less than a week. Next.
PNC? Ka-pow! Looks like we've been pumped....and dumped..!
U.S. Bancorp? (USB) SPLAT! Murdered! More pump-age, more dump-age!
Truist (TFC) - C'mon.... no whammies....no whammies....! SOLD to the highest bidder! Yet another bull spike being sold off as earnings don't satiate the market trolls.
Schwab (SCHW). I can never spell this thing right. Swab? Shwab? Schwing? SMACKDOWN all red-headed stepchild like. Booyah!
Up until this point the earnings have had that much hated red "E" symbol on their charts. Bad banks. Are there any banks not on the naughty list? YES!
BAC - Lo and behold, the mighty GREEN "E"! Winner winner chicken dinner!
Oh crap. Not again! Something's wrong with Tradingview. It can't be this bad, can it?
Citigroup - C - You know you're bigtime when you get a single letter for a ticker. And because they are so cool they get the elusive green "E" for being a good bank on Earnings day.
Oh. Wait. SPANKED? What?!
Morgan Stanley - MS - Oh these guys have been the bomb diggity like alllllll year yo. They went up like 18 months straight after the Covid March 2020 nuke was dropped on Planet Market. Surely they can buck the trend!
I give up! I'm running out of things to say here. Really, the adjectives for AWFUL have ran dry. My brain hurts.
Wells Fargo - WFC - OKAY FOLKS. NO MORE MESSING AROUND. I'm bringing out the bazooka. All hands on deck. Ima make me some money going long here. They CRUSHED their earnings big boy style. +25% surprise! +11% surprise on sales!!!@#@!$#@!$#
Oh hell no. This can't be. I expected the classic Pump and Pump. You know, the doublepump? Say it with me.... doublepump. Just sounds cool. Like cover-your-kids-ears type cool. Instead. Well. Yeah. Mr Wells and Mr Fargo have left the building.
So there you have it. Everyone on my watchlist of banks. ALL earnings have been sold, regardless of what they said. The market Gods have spoken loud and clear - SELL SELL SELL SELL!#$!@#$!@$@#$%# Boomshakalaka.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.