The Julia La Roche Show · Tuesday, September 8, 2026
A prominent investor who was bullish on the financial sector for the past two years has now become bearish on major banks like Bank of America and Goldman Sachs. This shift in sentiment is shared by other investors, including Lee Robinson, who has launched a new fund focused on tail risk strategies.
“I find it really interesting that there's a gentleman that who was pounding the table bull on the financials. Like last two years. Uh, he was long, a lot of the XLF names. And, uh, and he made his clients about a billion dollars during the subprime crisis. But he's been a raging bull. And now he's turned much more bearish, bearish on Bank of America, bearish on Goldman, uh, bearish on the financials as a whole.”
“And we had Lee Robinson, uh, on last week. Lee's a famous investor in Europe. Same thing. Lee has been really bullish the last couple of years. Uh, he's turned much more bearish, and he has a new fund where he's focusing on tail risk.”