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What Higher-for-Longer Interest Rates Mean for Bank Stocks
Key takeaways
- NVDA Between 2008 and 2022, investors and analysts following bank stocks lamented that rates had been at zero or near-zero since the Great Recession, depressing bank earnings.
- However, higher interest rates haven t exactly led to banks crushing it since that time.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA Between 2008 and 2022, investors and analysts following bank stocks lamented that rates had been at zero or near-zero since the Great Recession, depressing bank earnings.
However, higher interest rates haven t exactly led to banks crushing it since that time. Obviously, the Silicon Valley Bank debacle in March 2023 raised fresh concerns about bank balance sheets, many of which were carrying unrealized bond losses.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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