Oil: Dallas Sellers Club

A notable disconnect has recently unfolded in the oil market. After modestly bouncing through February, oil prices have rolled back over to the downside in March to fresh new lows. But the regional banks that are most directly exposed to the oil sector and have followed in oil’s path since late November have suddenly headed off in their own direction by maintaining the recent upside bounce. This deviation sets up a key showdown in the coming weeks. Either oil’s recent slide proves temporary, or these regional banks with oil exposure may ultimately face renewed pressure to the downside.

Please click on the link to read more of my article on Seeking Alpha.

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