Bank Of America - Overcrowded Opportunities

5/30/17

By Leo Nelissen, SeekingAlpha

At this point, it is well-known that I have written quite a few bearish articles regarding banks. In particular, Bank of America (NYSE:BAC), which is one of my favorite trading vehicles.

At this point, I have come across a great short-term opportunity on the long side without retracting my bear case on the longer term.

Source: pngpix

My bear case is mainly built on the failure of the so-called 'reflation' trade. It is highly unlikely that we are entering a new era of above-average inflation backed by high economic growth. This is visible when looking at the yield curve, bond prices, leading economic indicators, commodities and credit growth.

READ FULL ARTICLE HERE

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.