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Dear EarningsBeats Digest Member.
Trading Places LIVE!
Make sure to tune in this morning from 9-9:30 am eastern to Tom Bowley's Trading Places LIVE! Here is a link to access the show: https://zoom.us/j/248920901
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Rising Rates Finding Buyers in Life Insurance
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As treasury yields rise, there's an anticipation of higher profits for both banks and life insurance companies, which benefit of increasing spreads. Banks ($DJUSBK) have been soaring since earnings season began and hitting levels not seen since January 2018, but life insurance ($DJUSIL) has been slower to react and still haven't cleared 2019 highs set back in July. But
the group is trading much more bullishly after printing a hammer on its 20 day EMA last Thursday and rallying the three days since. The group is looking for a catalyst to test those July highs, however, and it could come if the form of Manulife Financial (MFC):
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