Diamonds and Dogs
Relief rally in the banks. Regional banks like PacWest Bancorp (PACW) is up 30% today as the FDIC moves to bolster support and confidence in the banking industry. Pac West has seen notable insider buying over the last couple of days worth over $566,000.
Airlines paying up for their pilots and workers. United Airlines (UAL) is down 6% after lowering first quarter guidance due to the new collective bargaining agreement. The price of oil is down over 3% today to a nine week low. This should help the airlines some.
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