Why Banks Could Rally 10% Before Rate Cuts
Financials have quietly become the second-best-performing sector over the past week. And Blake Young decided to make a bold statement in tonight’s video: Every major bank could break their 52-week highs for another 10% punch higher! JP Morgan already punched through resistance on its way to $300 Wells Fargo is coiled for an 8% breakout above $88 Regional banks (KRE) could rocket 7-8% higher with a simple 4-to-1 risk/reward setup Blake calls this the “last hurrah” in consumer finance. And he makes a good case for it. You see, the Fed is about to cut rates in two weeks. That makes borrowing cheaper, which pads bank margins. It’s a technical trader’s dream combined with fundamental rocket fuel. Capital One and Ally are both setting up for 10% moves, but Blake’s warning is critical: This is likely the final push before economic headwinds catch up. The setup is there. The catalyst