U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 102 | 6.8.26

Research evidence excerpt

U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 102 | 6.8.26

nt him to do whatever he wants.

I don’t want to have a big influence on him. But we had a great (employment) report. We’re

doing great, and it’s unfair that whenever you do great, they want to raise interest rates. It

should be the opposite way…If you go back 15 or 20 years, when you had good reports, the

market went up. Nowadays when you have good reports, the market goes down because they

think they’re going to raise interest rates. There’s no reason to raise interest rates. The country

becomes great. We built the country by doing great and having rates low. What they do is when

they raise interest rates, they try and kill success. I don’t want to kill success. We should actually

lower interest rates. Now, if inflation comes…what happens is you stamp it out. But success can

kill inflation just like higher interest rates.” ~ President Donald Trump on 'Meet the Press'

yesterday

Quote of the Day 2. “We're now in a risk-on environment with a booming stock market, robust

bank profits, and a deregulatory mindset. The bank deregulation undertaken so far, and the

plans for more to come, is ultimately going to make our financial system less robust. And when

the bill comes due, we will all pay the price.” ~ Federal Reserve Governor Michael Barr in speech

titled “Deregulating in a Financial Boom: What Could Go Wrong?” at American University on

Saturday

Today's Tasks

10:15am - SEC Chair Paul Atkins: participating in the NIRI2026 Annual Conference hosted by

the National Investor Relations Institute

Market Matters

Friday, the Barclays Large-Cap Bank composite declined 0.3% while the S&P 500 dropped

2.6%. The KRE (+0.3%) and XLF (+0.2%) closed higher while the BKX (-0.9%) declined. The