Shouldn’t the expectation of higher interest rates send bank stocks soaring?

I understand that the stock market is full of complex dynamics and relationships that have multiple driving forces. Banks generally benefit from higher interest rates, so why would the recent news not have a positive impact on bank stocks? All of the major banks such as JP Morgan, Wells Fargo, BAO, etc. have seen steep declines since the news broke.

Submitted December 23, 2018 at 05:26PM by Theonewiththefun http://bit.ly/2QMtGE4