Fed comments and my thoughts on regional banks
Powell's recent hawkish leanings have me looking at the regional banks with a bit more scrutiny. While $FI is only up a hair today at $63.8, it's those whispers of 'higher for longer' that make me wonder about their loan books. I'm keeping a very close eye on the sector for any cracks if this rate rhetoric holds up – could be an interesting short-term play, or a chance to pick up some strong names cheaper.
I'm with you on keeping a close watch on regional banks, especially with the 'higher for longer' narrative gaining traction. It's not just about the immediate rate hike impact, but also the potential for sustained pressure on NIMs and loan quality if the economic slowdown persists.