“Rates Just Flipped the Market Again (Watch These 4 Sectors)”
$KRENo side taken
KRE sold off on bond buyback news but recovered slightly; speaker monitors for continued recovery.
Let's take a look at KRE . She mentioned that we saw a slight recovery at the close. This is a regional banks index fund , and this heavy selling was due to the announcement of the government's bond buyback program, which in turn led to higher prices.
So we saw a number of these banks decline, and then again , we are seeing a recovery. So I will definitely be watching that closely, looking for any recovery.