The latest bulge in the huge U.S. trade deficit is a strong sign that the Federal Reserve will raise interest rates again soon, which is not a good sign for bank stocks.

Bank shares swooned and bond yields soared last week after the government reported that the nation's negative gap in international trade unexpectedly ballooned to $26 billion in October. That topped the July record by more than $1 billion and was $1.5 billion more than economists had predicted.

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