Interest Rate And Inflation Concerns Knock Regional Bank Stocks To Even Lower Lows

Economist Mohammed El-Erian says it’s wrong to call this a bank “crisis” — he prefers the word “tremors” — but it’s apparent from the steady selling by shareholders of regional banking stocks that serious concerns are present. Big, monster banks such as JP Morgan seem to be weathering the storm without too much difficulty, but the regionals do not look non-crisis like.

The SPDR S&P Regional Banking ETF (NYSE: KRE
KRE
) is the benchmark for the sector with holdings of the 145 stocks that make up the S&P’s Regional Banking Index. The ETF is managing to barely hold the March lows. Here’s the daily price chart: