U.S. & European Banks – Correction Over? Or Bust? Goldman Sachs - Deutsche Bank
WaveTrack's ​May forecast (May 14th 2015) the U.S. KBW Banking index highlighted an imminent downside risk for the banking sector. This is an update on the Banking stocks that made headline news once again this week as the price of shares in Goldman Sachs and Deutsche Bank plunged ever lower. Commentators are already comparing these recent declines to those seen during the Lehman crisis of 2009 - but are these declines symptomatic of a new secular-bear downtrend, or are they simply deep corrections within a brighter outlook?
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