Lots of retail traders talking about the banks and giving their "views". It's better to understand this from an institutional trader's POV. if you had a position in this at the start of the year, and your OCBC position is up 50% YTD, and it is now October, this analyst's report is just the excuse for you to exit or trim your position. Why? Because your bonus at the end of year - that $2m bonus - yes you heard it - depends on it. That Brand new v12 Ferrari depends on it. So yes, those are all institutions trimming or exiting. Because also, long term yields are now slated to taper off. So yes, don't focus on that track record or whatever mention of the analyst being from a foreign bank. Those just goons making comments of things that they are struggling to make sense of.
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