Macro-Trade:What to do about American financials
Sunday, 12 Apr 2009
Summary
Welcome to Macro-Trade. We will submit brief short term trading ideas based on our strategic advice. Any feedback is welcome.
Today we discuss what to do about American financial stocks, given their stellar performance.
Topics Covered
Look at the ETF that shorts American financials: SKF:US.
It currently is trading at 65; its peaks have been 262 (20th November 2008) and 250 (6th March 2009). Thus there is plenty of upside.
For our reasoning as to why financials are under threat, and despite the Wells Fargo results, see our recent piece and the Investment Conclusions in our recent Advice Tracker.
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