$BKX is the USA banking stocks index.
A long term SELL signal has been generated, based on February closing prices.
Based on its 7 to 8 year cycle, we can expect $BKX to now head lower into a bear market for the next 3 to 4 years, into 2023.
Bottom line: Avoid buying bear market banking stocks for the next few years, at least until after the cycle low confirmed in 2023.
Its likely we see a severe credit contraction into the senior markets, as global trade seizes up, and the debt in the system cannot be serviced. Defaults are likely too, from the periphery, moving inwards. For example, Lebanon is close to default. Then the dominoes start to fall, including bank failures.
$Gold and $Gold stocks are the best hedge, in this scenario.