Following the Independence Day holiday in the United States, we reflect on one of our most patriotic sayings here in the states: "America, love it or leave it." This is how we feel about Bank of America (BAC). We had high hopes for the stock here in 2018. There are so many tailwinds this year from the Federal Reserve and its activity to raise interest rates. Rising interest rates are a direct benefit to the major banks. Despite the obvious tailwinds for Bank of America, the stock has suffered in recent months:
Source: BAD BEAT Investing
Shares are trading at a 2018 low right now. The pressure has been on recently as fears of trade war have been looming, and this has hit the financial sector pretty hard.
