US Financial Stocks Are Set For Their Greatest Monthly Gain Ever

Yesterday's short-lived correction in US bank stocks did nothing to tarnish the shocking exuberance of the month of November. With just 5 down days in the month (so far), US Financials added over $275 billion in market capitalization in November - the greatest gain in the index' history.

Following September's bank bloodbath, Trump's win and the subsequent surge in interest rates sparked a buying panic unseen before in bank stocks...

 

The only thing is...

The yield curve and credit markets are not following suit...

And credit markets...

 

But then again - it's probably nothing.