Citigroup Inc. (C)

Last week's "Trade of the Week" was Citigroup  which rallied a bit during the five trading sessions.  I am back with the same stock this week as it is growing abundantly clear that bonds are breaking down in price and rising in yield.  C remains one...

Bonds continue to break down in price as yields rise. Good for the banks.  Citigroup , my Trade of the Week, did fine over the last few trading sessions.

* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...

"Just one more thing." - Lt. Columbo   I have my hands full with quite a lot of business projects I am working on (including a new hedge fund).   I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...

* Respect different approaches of delivering trading and investing profits * "Get it while you can" but recognize that speculation has now formed a lengthy convoy * The magnitude of recent speculative activity, based on history, may result in a shor...

* The setup into the current reporting period is poor * With bank stocks elevated, in-line to slightly lower reports, relative to consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out * ...

* As I predicted 13 months ago, the streets have grown violent in the aftermath of the election * But, markets have no conscience and are increasingly dispassionate * Structural changes - specifically the proliferation of "passive investing" - have ...

I am making small sales in , , and now as the magnitude of the spike higher this morning seems a bit extreme.  The banks are as close to "forever" holdings for me and I am planning to keep them medium-sized - albeit less than I started the day with!...

I have eliminated my long (bank/financial ETF) today in keeping with what I wrote 12 days ago:  Dec 18, 2020 ' 06:09 PM EST DOUG KASS Taking Off Some From Bank Holdings in the After Hours * The share repurchase news may mark a near-term top in the b...

* In 2020 (despite broad February-March weakness) equities rose faster, valuations expanded far greater, and interest rates fell sharper than the consensus expected * 2021 could be a year in which the S&P Index shows little movement in the first hal...

"Ch-ch-changes Ooh, look out, you rock 'n' rollers Ch-ch-ch-ch-changes Turn and face the strange Ch-ch-changes Pretty soon now you're gonna get older Time may change me But I can't trace time I said that time may change me But I can't trace time" - ...

* Bank stocks, in 2020, were an example of this * And so was the S&P Index this year   "The best lack all conviction, while the worst/Are full of passionate intensity." - William Butler Yeats I knew it would happen, I wrote it would happen. Price is...

From Whitney Tilson's "Daily":  For the last couple of months, my friend Doug Kass of Seabreeze Partners and I have been pounding the table on bank stocks, which have been ripping higher lately... They did so again yesterday after this news broke on...

* The share repurchase news may mark a near-term top in the banking sector For the first time in almost a year, I am scaling back some of my bank stock holdings now -- in after-hours trading.   Though a bit unexpected (from the standpoint of timing)...