On Banks, Crypto & Nuclear Fusion

Banks and brokerages are beneficiaries of Trump 2.0 policies, particularly the reduced regulations they’ll be bound by. The S&P 500’s Investment Banking & Brokerage industry and its Diversified Banks industry have record-high earnings expectations and the ytd share price outperformances to show for it, Jackie reports. The Regional Banks index can’t boast that. But trading at a much lower P/E and with rosy earnings rebound prospects, Regional Banks may be the more interesting play. … Also: Cryptocurrency companies want to break into traditional banking; three so far have applied for US banking charters. … And: Scientists are making headway harnessing nuclear fusion as an energy resource.