Replies to post #1807 on Wells Fargo and Company (WFC)

[Zues]

Another great day for WFC$. The Fed has 1.1T of liquidity they must find a place to park. Currently only 2 big banks have space on their balance sheets - BAC 150B and WFC 500B. WFC has much more room because of the Fed imposed asset cap which will need to be removed. It is no coincidence the Fed accepted WFC's remediation plan this week. Liquidity and gov fiscal stimulus along with an infrastructure bill will aid economic recovery which in turn will create an inflationary environment as the economy heats up. Tres. Sec. Yellen recently said she is not worried about inflation as a byproduct of adding more stimulus which is essentially acknowledging inflation is on the horizon. We are entering good times for the financial sector. Bullish 2021-2022.