While it doesn't shock me that one of "America's Top Banks" (#20 on Forbes' list, Feb. 14th), massively levered in its reach for yield, got taken to the woodshed following an historic round of Fed rate hikes, I will remain focused instead on what matters most: the market's opinion. Banks have been pretty much an "avoid" in our process since before the GFC (Figure 1). It has certainly been a plus. . .
