Some stocks are just built different.
Right now it’s hard to ignore how the bond market is impacting certain stocks, and which ones of those are already ahead of the game.
You see in December, we’ve seen credit spreads narrowing to levels not seen since the pandemic crash in 2020. The Yield curve has been steepening as well. And rates in general, particularly the 10yr and 30yr held their key levels and started moving higher.
To me, all of this screams higher for bank stocks. But it’s not a one size fits all scenario. There are leaders.
And I can’t help but point out Customers Bancorp. This $2B Regional Bank stock has continued to make new all-time highs, despite the industry under pressure over the past couple of months. [Read more…]