Three Banks Hit New Highs And Trade Near Buy Points As bank stocks soar to new highs, it's easy to get swept up in the excitement of buying points and strong second quarter earnings reports.
However, scratch beneath the surface, and you'll find that these gains might be more about short term optimism than long term economic fundamentals.
One reason for this disconnect is the upcoming inflation report due out on Wednesday. Economists expect a 0. 4% drop from June's numbers, but it's what happens next that matters.