re Banks are now getting oversold. Not US banks IMHO.
The US government is continuously floating bond issues at high interest rates.
Most of them are being bought up offshore.
This has a negative effect on the US economy and the average US citizens.
This is showing up in the form of banks laying off employees, along with tech and eve Amazon shutting down locations and warehouses.
Scotia and I believe other Canadian banks are closing locations in a lot of small municipalities and forcing the residents to go to the nearest city or do all of their banking online. Also, laying off most of the employees in those locations, when they can't move or there aren't openings in the nearest locations, because of cost cutting layoffs.
On top of this, I see Birchcliff Energy is cutting its divvy in half.
For investment banks and some etfs, those divvies are where their divvie payouts come from.
Keep some powder dry. Maybe go for a lower divvie to preserve your capital is my advice but just because it works for me doesn't mean it's right for you.
Please do your own due diligence.
GLTA the good folks here