Business Insider reported that WFC won't be partaking in nearly as much of the $2 trillion stimulus from Trump as expected because the Fed capped WFC's lending limit to small businesses at 110B from their 2018 debacle. Sounds big enough to suppress stock prices so I think continue to chop. Should the Fed reverse positions, this could easy retest the kumo. This play would be a scalp if anything.
Nota
Fed allows WFC to expand beyond the $10 billion limit, but can only loan to struggling businesses and all earnings/fees must go to the Treasury or donated to a charity. This will be active as long as the Fed has the credit dealing facilities. Positive sentiment, but not necessarily' bullish.Nota
If we don't dump on Monday I'm out because even if WFC can't participate in the profits from the small loans, the market is telling us that they approve of the support the administration is providing to the banks and this could continue running much higher.Nota
This is what I was waiting for. WFC has withdrawn NII guidance entirely.Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.