Regional banks are starting to look appealing again after recent weakness

Markets have begun the process of bottoming out and have carved out the first meaningful move off the lows since late last week on above-average breadth data. Wednesday’s FOMC meeting proved to be a non-event as despite the FOMC having lowered growth forecasts and hiked inflation, they failed to judge a rate cut as being necessary. Thursday’s economic data seemed to underscore this enthusiasm with better than expected rea...

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