If inflation continues to remain stubborn and we remain in the higher rates for longer environment, the large cap banks like Wells Fargo stand to benefit from earning higher net interest income. Wells Fargo recently reported a solid earnings quarter and it is our opinion that the stock will likely continue to gain moving forward.

As a key part of Chuck’s Optioneering Team, I work closely with Chuck throughout the week to review various setups and we select one we feel is ripe for a favorable move. Keep an eye on your Inbox for more insight to help you navigate the markets.

Thank you,

Blane Markham

Technician

Hughes Optioneering Team