Contrarian

Oct 1, 2026 · bearish

PLAIN ENGLISH When the 10-year Treasury (https://news.google.com/rss/articles/CBMivgFBVV95cUxNTDFzeEYwbXVaYTJvNE00NXJWZnV5ZTFFOV9mS0IwT296VmZnN0JDOEs0aDVlczFlSHVoMnBNZy0yS0YybmNHMzdXell2MWc0azRaSlVfSHoxdkYwVC1CYVpyV0ZNbFVrRGt2WVJEMF85ZVdVeGtxX2l5ZHhqbWd2SGZUdlV5SVJIZ0lBX3NBd1FaWVBjaXFXT0czZjRHRFE0bGdXRFhPcWpxZTJ4UncwZ3A2cUgxQXZyckJtR25n?oc=5), the easy money in bank earnings has already been made—and everyone knows it. ## TLDR High rates crushed equity multiples

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