Global Banking Stocks Hit Hard By FinCEN Leak
Commenting on the impact of FinCEN leak on global banking stocks and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreThe major indices are all trading considerably lower at midday following the most bearish overnight session since June. The S&P 500, the Nasdaq, and the Dow all hit new correction lows in early trading, but the tech benchmark has been slightly stronger than its peers. The troubling European COVID trends reignited the "lockdown trade" and put pressure on the most sensitive industries and cyclical issues, in general. The nu...