The risk of a short-selling ban by the US government is giving veteran bear Marc Cohodes pause for thought before betting against the country’s regional banks, even though he says the outlook for the industry remains gloomy.
The former hedge fund boss, who now manages his own money while raising chickens on a farm in California, said deposits will continue to be pulled from US regional banks because of where Treasuries are trading in relation to regional banks’ deposit and CD rates.
ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMaWxmaWBkwKm70a1krJ2cobKzecyaqZxlk6S1sLDErGSmrZyhwG7DwKCcq6tdlrSitc2sq2ato2K%2FprPIqKWapF2Xrq%2B30g%3D%3D