Stocks Under Pressure 8/8/23
Halftime Report
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The Moonings Rating Downgrade Reminds the Market of the Headwinds That Are Out There
The ERE, which is the ETF that tracks a lot of these regionals, was up 20% before today. The focus changed from the balance sheet, which had been the real focus during the first quarter of earnings. Of course, what's going on at the central bank, you've got QT, higher rates, impacting the assets on their balance sheet as well and the quality metrics.
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