Zero to Open Finance in 20 seconds | Long the bankers, short bitcoin

InstitutionalOctober 18, 2019, 4:45PM EDT
UPDATED: March 16, 2022, 4:21PM EDT
Zero to Open Finance in 20 seconds | Long the bankers, short bitcoin
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In the pair trade of the week, the KBW Bank index is up more than 5% this week (to bitcoin's ~5% pullback on the week), off the back of strong Q3 U.S. bank earnings that no one saw coming.

Over the weekend, the WSJ published a warning in its Heard on the Street column that banks were "poised to underwhelm this earnings season," due largely to falling interest rates and the presence of "so many unknowns on the table after a rocky quarter."

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