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Another reminder to not loose sight of the big picture...
The UK banks are about to break the only support since the start of the index in 1986.
The UK banks are about to break the only support since the start of the index in 1986.
The EU banks had a small re-test of the Cliff of Death and new all-time lows most likely await...
The Japanese banks are rolling back down and will probably fall to all-time lows (below 1983).
This is one of the reasons the central banks are rushing to create digital currencies - it gives them the ability to run a banking system without banks, should they need it.
The US banks don't look like they are going to avoid a sharp fall in their share process either, but the US banks look in better share currently that the others.
Just keep your eye on this... I think it matters.
