- While the outlook for banking stocks has been upbeat this year, recessionary headwinds have been impacting valuations.
- On the other hand, classical value storehouses such as gold futures and gold mining stocks have been surging in value.
- Stocks of companies offering market trading facilitation services remain overvalued relative to their more traditional banking counterparts.
- Bitcoin - touted by many as replacement for gold - has been largely directional with broader market trends, unlike gold.
For further details see:
Financials, Gold Or Crypto?: The 'Color Of Money' During Recession