Banks Are Doing Just Fine

[Cycles Trading With Phil Anderson]( Welcome to Cycles Trading with me, Phil Anderson. My aim with this three-day-per-week e-letter is to introduce you to the most powerful knowledge for building wealth. And that’s the 18.6-year real estate cycle and its key relationship to stocks. Every 18.6 years, property, economy, and stock markets move through a repeating series of peaks and troughs – like clockwork. And the market has followed this cycle for over 200 years. Using this knowledge, I’ve been able to forecast every major market move over my 34-year career. If this is your first time tuning in, catch up on my[background]( how I [predict the markets]( and how I’ll help you avoid [false alarms]( from the mainstream media. Banks Are Doing Just Fine By Phil Anderson, Editor, Cycles Trading with Phil Anderson Remember when Silicon Valley Bank collapsed? The headlines were screaming that we were in for a 2008-like collapse. Here’s Bloomberg: [Chart] And in just a couple of weeks… almost total silence. As I said in the past, look beyond the headlines. Ignore the day-to-day noise. [Millionaire Trader Reveals: How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( Focus on the bigger picture and follow [the 18.6-year real estate cycle](. As a reminder, we’re in the second half of this cycle – and it won’t complete until at least 2025-2026. So right now, the stocks I am focused on are what I call “rent-seekers.” They are the “old economy” companies such as banks and real estate stocks. In the second half of the cycle, they tend to do better than tech companies. This is just in… Recommended Link [Why 1,806 beta testers have been raving about Jeff Clark's new currency trading service…]( [image]( Trade #1 $1,767 Trade #2 $1,907 Trade #3 $2,145 Trade #4 $1,694 Trade #5 $728 Trade #6 $1,560 Trade #7 $1,227 Trade #8 $766 Trade #9 $1,450 Trade #10 $3,560 Trade #11 $1,900 Trade #12 $2,239 Trade #13 $1,211 Trade #14 $997 Trade #15 -$4,120 Trade #16 $1,725 Trade #17 $452 Trade #18 $480 Trade #19 $1,860 Trade #20 $1,320 [Learn more… And become a Charter Member of Currency Trader today!]( -- Another Bank Delivers Fantastic Financial Results Canada’s Toronto-Dominion (or TD) bank reported its quarterly earnings earlier this month. The results beat market expectations. And keep in mind that TD has a large U.S. presence, too. It performed well on both sides of the border. On Thursday, TD reported adjusted earnings of C$2.23 per share, higher than C$2.08 a year earlier and beating analysts’ average estimate of C$2.20 a share, according to Refinitiv IBES data. Net income at its Canadian personal and commercial banking business grew 7%, while its U.S. retail bank unit posted a growth of 25%. No crisis and no recession in sight… Rent-seeking companies such as TD are making money hand over fist in this “recessionary” year. (Reminder: this is going to be an up year… not recessionary at all. I’ve been expecting a [March 2023 low]( before markets enter a bull market during the last phase of the real estate cycle.) If you have been following the important news recently and not the SVB nonsense, you might have noticed something else… Refinancing Rates Are at Multi-Month Highs Reuters reported that U.S. mortgage refinancing activity hit a six-month high in March. Why? For three weeks in a row, borrowing costs have been declining. But wait, the Fed has raised interest rates, right? Shouldn’t mortgage rates be going up? No. The connection between Fed’s benchmarks and what people actually pay isn’t straightforward. But we see it in the markets… mortgage rates are going down. And guess what happens when they do… People spend more on other things. They consume. A [study]( done by the Bank of Canada proves this. It shows that when refinancing rates are going down, people spend less on their mortgages… and more on everything else. From buying new cars and other durables to repaying other debts… they consume (which is good for the economy) and keep banking profits nice and steady. There’s no recession… and banks are still doing just fine. Regards, [signature] Phil Anderson Editor, Cycles Trading with Phil Anderson IN CASE YOU MISSED IT… Millionaire Investor Reveals [“How I Made My Second Fortune… By Avoiding 99% of Stocks”]( Buy this small group of unique stocks… never sell them… and make all the money you need… No matter what happens in the market. [Revealed here: the name and ticker of the #1 stock.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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