These two charts show why banks could be on the verge of a breakout $KBE $KRE (via TradingNation)
2020 could be their year, according to Piper Jaffray chief market technician Craig Johnson.
"These banks can continue to roll on, and if you just start looking at a spread between the 2- and 10-year [Treasurys] yield, you'll see that it's really widened out over the past several months in here. You're over 28 basis points, reversing about a four- or five-year downtrend now," Johnson said Friday on CNBC's "A steeper yield spread, which measures the difference between shorter- and longer-term bonds, boosts a banks' net interest margins.
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