by Lynette Zang of ITM Trading
7-5-18 PBM CONFIDENCE DESTROYED: 2018 Bank Stress Test Results by Lynette Zang The bank tests are really about public confidence, not public safety, six banks that would have failed the stress tests, were warned they would fail and guided on how to pass. All they had to do was modify their investor payout plans. Which is where those bank profits go. Wall street thought this would boost share prices and enable the financial sector to take the lead in the market as tech is taking a little break. But instead a clear breakdown pattern is emerging. Into this pattern, the corporate executives are heavily selling their shares.
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