KSNV Mad Money August 30, 2016
Stocks that lead us higher for the last few years, no longer in charge. This time buyers are swarming over the banks. Thats right, the banks. Why . Because last week in jackson hole we learned we could be facing not just one rate hike but two this year. Not only did janet yellen tell us that a rate hike could be on the table, but vice chair Steven Fisher said there might be time for more than one rate hike in a sht now who benefits from rapid rate hikes . Who makes the most money . The banks. They can take your deposits and invest them risk free at the higher rates that the fed controls and th...