This is an interesting that thought-piece that Gordon Aitken posted just before the budget.

Well, the banks were supposed to do  well out of a budget that left it making a lot of money out of high interest rates.

Here’s the chart for bellwether stock (above) – Lloyds Banking Group. Not a good week following a good Wednesday.

If that stock price is compared to Legal & General (above) , a bellwether UK insurer ~(if we still have one). There’s a quite different story from the same event (the budget).

The news is that banks and insurers don’t always move together. L&G had a rather good week and is close to all time highs – the first day of November.