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Stock impact report

Will The Sun Come Out Tomorrow For SunTrust Banks? [Seeking Alpha]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary It's been a weird past several months for financial stocks. The 10 year-2 year yield curve sits at 0.23 with an ugly downwards chart. Saber-rattling between the US and China has sparked fears of a trade war and potential economic downturns. Emerging markets have been hit hard recently, and Turkey raised interest rates to 24%. The global economy, while still strong here in the US, looks shaky and cautious. Image from Bloomberg 9/13/18 US financial stocks have been in a funk for most of 2018, trading relatively sideways overall. The Financial Select Sector SPDR ETF ( XLF ) is a good general gauge of the US financial stocks, and it has returned just 0.43% YTD versus 8.98% YTD for the S&P 500. What happened to rising interest rate tailwinds? GDP growth? Are these catalysts already spent or are they just hiding? Recent Events Image from finviz.com Shares of SunTrust Banks ( STI ) have dropped about 8% in the past two trading days, an Show less Read more
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