| DON YOCHAM
Some Days You Give Up the Fight
Just a quick note from me as I’m more than a little under the weather.
I’ve been fighting this funk for a week but today I flew the white flag.
It’s a doozy. And here’s a sign of how this particular malady is messing with me.
You know how we all have those recurring dreams that unforgivingly dredge up some deep seated anxiety. Well, I have two.
They are:
I’m late, lost, didn’t study, or can’t find something.
I try to run. Legs won’t work. So I end up pulling myself along with my arms to gain speed.
Well, this particular reverie maliciously employed both plot devices to ultimately drive me up a rain soaked hill in the middle of the night that suddenly blocked the road home.
I called it quits there too.
And as I sat in the mud atop that hill, I gazed back down the road which I had just dragged myself to find that it was now crowded with AI controlled robots going about their business.
Then I woke up and read this…
As far as markets go, banks are sick too.
A regional cold went national today. I couldn’t find a single “diversified” bank stock that traded higher. At least within a couple hours of the close.
And, as you well know, I believe banks matter.
My friend Scott Welsh thinks so too (which you can read more about in his following piece). And you can ask Jeffry Turnmire what he thinks during tomorrow’s “Morning Monster” – details below.
I’m sure I’ll be back at it tomorrow lest my publisher discovers that ChatGPT provides a no-quit solution that will stick to writing about markets.
Regional bank stocks painted the tape a sea of red today. | | | | |
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