Bloomberg Surveillance · Tuesday, July 14, 2026
Despite potential short-term overbought conditions, US bank stocks are on sound technical footing and continue to lead the market. This strength is observed not only domestically but also in Europe and Japan, indicating global resilience in the banking sector.
“Our kind of main point here is when you look at kind of the setup of the bank stocks into earning season, they are on very sound footing. Are they overbought in the near term, Yeah, they probably are. I don't particularly care because the underlying trends are so firm.”
“These are still the relative leaders. After frankly, what was a pretty funky, you know, March April period, the banks have really since about mid may come back and reclaim the bar of leadership.”
“It's true in Europe, it's true in Japan, even with JGB eals up. It's true in Japan that these global banks continue to act really, really well.”