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A brief 'tactical' rally is opening up for these bank stocks and an ETF, says Fundstrat's Thomas Lee

Need to Know Published: May 8, 2023 at 7:26 a.m. ET Critical information for the U.S. trading day A short-term opportunity in banks ahead? Spencer Platt/Getty Images Some cautious optimism is afoot after Friday’s regional-bank led rally for markets. That’s ahead of a big Federal Reserve loan survey due later that could show strains of

a-brief-'tactical'-rally-is-opening-up-for-these-bank-stocks-and-an-etf,-says-fundstrat's-thomas-lee

Need to Know

Critical information for the U.S. trading day

A short-term opportunity in banks ahead?

Spencer Platt/Getty Images

Some cautious optimism is afoot after Friday’s regional-bank led rally for markets. That’s ahead of a big Federal Reserve loan survey due later that could show strains of ongoing banking stress.

With that in mind, our call of the day may seems boldish. It comes from the founder of Fundstrat Global Advisors, Thomas Lee, who sees a short-lived opportunity among regional lenders.

“We…

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