Subject: Re: BAC under 10% now
The yield curve steepening is quite bullish for BAC. It looks like we’re in early innings of a major steepening to, dare I say, normal levels. Or..much steeper..

The Fed doing its part on the short end, GDP growth from 2025 southeast US Rebuild and promised added stimulus from both candidates, and the effect of annual deficits with a present baseline of minus $1.8 Trillion to start…

Great news for banks, particularly BAC.