What to Expect from a Financial Sector Bear Market This Year

On January 16, 2018, as the financial sector was continuing its steady climb upward, I posted a prediction that the sector would experience a bear market beginning this quarter and lasting at least 12 months. Yesterday evening I posted the following on Twitter: Here is the XLF (Financial Sector ETF) as of this morning: I … More What to Expect from a Financial Sector Bear Market This Year

CNBC: “Wells Fargo shares are tanking as Wall Street is stunned over the Fed’s ‘harsh’ action; multiple firms downgrade bank”

Analysts predict the Fed’s enforcement action against Wells Fargo will hurt the bank’s earnings results. … More CNBC: “Wells Fargo shares are tanking as Wall Street is stunned over the Fed’s ‘harsh’ action; multiple firms downgrade bank”

Fed Slaps Unusual Penalty On Wells Fargo Following ‘Widespread Consumer Abuses’

In a rare move, the Federal Reserve announced Friday that it is restricting Wells Fargo’s growth and demanding the replacement of four board members in response to “widespread consumer abuses and compliance breakdowns” at the bank. … More Fed Slaps Unusual Penalty On Wells Fargo Following ‘Widespread Consumer Abuses’