Friday, December 1, 2023
HomeETF NewsKeep An Eye On The Regional Banks

Keep An Eye On The Regional Banks

Large and regional banks have struggled this year as both have declined nearly 15% in 2018. These declines have taken place as interest rates have been moving higher, which is historically positive for banks.

The declines in Regional Bank ETF (NYSE:KRE) has it testing 7-year rising support as well as the 2007 highs at (1).

What KRE does at (1) will send an important message to the banking industry and the broad markets.

Keep a close eye on KRE in the weeks ahead as it eyes an important test of support.

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