As discussed earlier, the August 2015 Trigger Event in my Vix Asset Allocation Model requires me to consider paring my stock allocation. My initial response was to identify positions that I would normally pare or eliminate based on my traditional valuation criteria, taking into account my current macro outlook for interest rates and inflation. In July, or almost one month prior to the Trigger Event, I sold UBSI at $41.58 based on the same valuation concerns. Update For Regional Bank Basket Strategy As Of 8/7/15 - South Gent | Seeking Alpha (scroll to 1. Sold 50 United Bankshares ( UBSI ) at $41.58/Profit: $1,235.01) Credit quality for many banks is already at or near "generation lows": "we're already had a generational low in terms of charge-offs which means that credit performance can't really improve meaningful from where we are today. It's already that good.'