All about the Banks, Peak Yields?, and “Textbook Bottom” Buys 10/17/22
The Exchange
00:00
Is This Just a Giant Short Covering Head Fake in a Downtrend?
Harry Wald: How do we know this all just some just giant short covering head fake in a downtrend? He says the key reversal day, that's when you have big opening losses that get reversed into the close. Wald: This is why we see an opportunity for the long-term investor. The missing piece, of course, is interest rates, which has really driven this sell off.
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