Once luck, twice skill

Great Monday here everyone.

We have done very well on US financials on the recent Trump election, and strategically invested more in European financials with the same plan. Today we were proved right once again and are having a great day. We own good positions in both ING and Santander, but added some Deutsche Bank in April.

Source: Bloomberg, Stuchberry Group

If you remember the rally in the US treasuries after the election of Donald trump, we made good money on Bank of America – as the yield curve moved higher, so did Bank of America. We tried the same trick again on the Europeans and were rewarded again. It wasn’t luck, as you can see the recovery in European yields have made us money in Deutsche Bank.

Source: Bloomberg, Stuchberry Group

Add to that, the Euro rallied strongly which makes us money on the currency as well.

Source: Bloomberg, Stuchberry Group

This worked exactly according to plan. It is a rare occurrence when things work perfectly, but we are happy here and want to pass on the positivity!



Chris, Rick, Steve



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