This is what a run looks like. Cash is coming out of banks and going into 2 year USTs. This is a MASSIVE move. It amounts to trillions of $.
SVB is Now In the Hands of the FDIC
- Thread starter 2003RedfireVert
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This is what a run looks like. Cash is coming out of banks and going into 2 year USTs. This is a MASSIVE move. It amounts to trillions of $.
I don't argue about the reasons of the systemic nature of this. I mostly understand it. I was/am more concerned about the systemic relationship concerning the stock prices of the big banks. Some of these smaller banks have lost huge percentages of market value. I just haven't seen it with the big boys. Yet. That was really what I was talking about. If the big boys start dropping market value like some of the smaller guys have it will be ugly as hell.
Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more
PacWest Bancorp, Western Alliance Bancorp
— Regional lenders PacWest Bancorp’s shares fell by more than 40% while Western Alliance’s stock fell by more than 51%, with both banks stinging from the closure of Silicon Valley Bank and Signature Bank. In an attempt to calm investors, both banks said on Friday that their liquidity and deposits remained strong.
Bank of America
, JP Morgan, Citigroup
— Shares of major banks saw significant losses in early market trading, after the closure of two major banks has spread fear among investors and pushed regulators to further clamp down on risks associated with the bank closures. Bank of America lost 4.2%, JP Morgan shed about 1.4%, and Citi was down 2.25%.
Charles Schwab
— Shares declined by more than 6.6% before the bell. Citi upgraded the stock to buy from neutral, however, saying the company’s 23% decline over the last two trading days gives it a “compelling” risk-reward ratio. Citi expects near-term revenue and earnings headwinds from rising funding costs and continued client cash sorting, which it believes are already reflected in the current stock price.
PNC
— Shares lost nearly 5.2% early Monday morning after the bank decided against bidding on Silicon Valley Bank as regulators struggle to find buyers for the failed bank.
PacWest Bancorp, Western Alliance Bancorp
— Regional lenders PacWest Bancorp’s shares fell by more than 40% while Western Alliance’s stock fell by more than 51%, with both banks stinging from the closure of Silicon Valley Bank and Signature Bank. In an attempt to calm investors, both banks said on Friday that their liquidity and deposits remained strong.
Bank of America
, JP Morgan, Citigroup
— Shares of major banks saw significant losses in early market trading, after the closure of two major banks has spread fear among investors and pushed regulators to further clamp down on risks associated with the bank closures. Bank of America lost 4.2%, JP Morgan shed about 1.4%, and Citi was down 2.25%.
Charles Schwab
— Shares declined by more than 6.6% before the bell. Citi upgraded the stock to buy from neutral, however, saying the company’s 23% decline over the last two trading days gives it a “compelling” risk-reward ratio. Citi expects near-term revenue and earnings headwinds from rising funding costs and continued client cash sorting, which it believes are already reflected in the current stock price.
PNC
— Shares lost nearly 5.2% early Monday morning after the bank decided against bidding on Silicon Valley Bank as regulators struggle to find buyers for the failed bank.
Good buy opportunity with some bank ETFs.
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Trust me, Ive been monitoring progress over the last few days. The previous week or two wiped out a decent chunk of BTC value for me, but its been nice seeing it claw back.
Appreciate it. This dove tails with exactly what I was hoping to hear.
I have a high tolerance for risk and my portfolios are set up for the long term, so short term fluctuations dont cause me panic.
Quite the reversal in overall market.
Futures were up @1.8% last night, down over 2% from there @-.3% now.
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Futures were up @1.8% last night, down over 2% from there @-.3% now.
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I think stocks will be all over the place today.
Slo Jo Go and Blo is supposed to be on this AM. We'll see what pearls of wisdom he has to offer.
Of course Biden will talk before the markets open
Was some talk on consrv. sites that ESG had some to do with it. Any thoughts on that?
@Klaus
Seems others are following your lead in Bonds/Gold. Investors rush into bonds, gold in flight to safety after SVB rescue
Seems others are following your lead in Bonds/Gold. Investors rush into bonds, gold in flight to safety after SVB rescue
Let's go silver and gold!! aka real money!!
Officially out of microsoft stock completely in non IRA accounts. Should of sold it when it hit 272 lst month but so it goes.
Almost 26 years of holding MSFT.
Almost 26 years of holding MSFT.
That was a monster trade. You have done alright.
It is all over the internet, i started it so Russophiles would cry.
STFU you’re stupid Ukraine thread is gone.
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Wasnt my thread and how about you shut the **** up for bringing it up? Can't take it then don't bring it up. I long ago told brad if he won't moderate it then close it. Sort my objective.
Odds on FRC being shut down? Hard to see it, but it is the Biden admin. It would really turn into a bank massacre.
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