Trade Alert – Equity Model Only
We are selling PNC Bank (PNC) in the equity model after a significant run since the October lows. The stock has retraced a chunk of its previous decline, is extremely overbought, and there remains some risk to the regional bank sector heading into 2024. We are going to book the gain against some of our tax-loss sells in November. We will wait for a short-term market correction to redeploy that cash.
Equity Model
- Sell 100% of PNC Bank (PNC)
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Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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