European Dead-Cat-Bounce Dies – Big Banks End Lower
By Tyler Durden
Well that didn’t last long. With hopes of a face-ripping ride higher this morning as Draghi jawboning lifted bank stocks and Cable, the bounce was nothing but an opportunity for sellers to escape at better prices. While Deutsche eked out a tiny gain, RBS, Unicredit, Credit Suisse, and UBS all tumbled to end the day red…
And Cable has rolled over notably… back below 1.33!
Source: European Dead-Cat-Bounce Dies – Big Banks End Lower
Posted June 28th, 2016 in Uncategorized.
