Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 42.03

-3.8%

Dec 31 4:00 PM EST

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To: #Breeze who wrote (192468)	8/8/2023 12:59:35 PM
From: Winfastorlose	4 Recommendations Read Replies (1) of 207526

given the fact that Moodys just downgraded the debt of several important regional banks and says they may downgrade a few of the majors as well, the bank rally may be over for now. investing.com the banking sector will be in the spotlight after Moody's cut the ratings of 10 smaller banks by one notch and placed six banking giants, including Bank of New York Mellon (NYSE: BK), US Bancorp (NYSE: USB State Street (NYSE: STT) and Truist Financial (NYSE: TFC), on review for potential downgrades. The KBW Bank index was down 3.7%.

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