This week bank shares are planned to be bought... Probably in anticipation of disappointment. fed is running out of cut bullets. 62% pricing in .50 interest rate cut 38% pricing in .75 rate cut cutting it .50 would set it at 1.00% so disappointment is at hand. Shorting opportunity is on it's way?
I was afraid of the possible short squeeze before the fed. Thats why my small short position. Now I get to watch the i'v drain off. I'll add more short as xlf goes up.