Why SVB isn’t a canary in the coal mine for regional banks, according to top analyst Gerard Cassidy
RBC’s Gerard Cassidy on the weakness in regional banks. With CNBC’s Tyler Mathisen and the Fast Money traders, Tim Seymour, Jeff Mills, Julie Biel and Guy Adami.
Of course, it is a canary in the coal mine. Over the last 12 years, all these banks bought long term US T bonds at 1-3% interest. Now, they are loosing big money with it like SVB.
Locking up money owing to a calamitous stock market crash is also a bad idea. Life is a risk, and it's better to take risks than to do nothing; you can't constantly expect to make enormous profits all of the time; and individuals have so many different perspectives on a recession/depression. My portfolio rose by $300,000 in gross profit in just 8 months; the key is to diversify your portfolio and you will experience spectacular returns investing.
Investment Banks are the backbone for the innovation and start up business, are the backbone of the America. Powell and FED are directly responsible for the failure of SVB bank which is doing nothing but lending start up businesses…
Found online: "On top of this, there are now reports of Wells Fargo accounts freezing for people who are trying to withdraw and transfer funds. Bank of America is also getting swept up in this — both are trending, with a lot of Twitter users suggesting everyone get their cash out ASAP."
And Janet Yellen is "closely monitoring other vulnerable banks." How comforting.
The world has been on tenterhooks since the pandemic. People no longer trust government, science or the medical system. The war between Russia and Ukraine could blow up to be much bigger. Why would anyone think things are better than they were in 2008? 🤔
Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.
🤔“I think that the system, that the administration has pushed many of these banks into more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns. Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it’s probably a badly run bank. They’ve been there for a lot of years. It’s pathetic that so many people lost money that won’t get it back.”🤡
Absolutely! So much hysteria all over the internet, and shamefully being portrayed wrong due to greed on the part of the "presenters". They take no responsibility for their trash talk. Watch those high rollers. They will fall hard. Most of us regular joes will be fine. You'll pay a price for greed. Take it slow and easy.
The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategie;s … I would greatly appreciate any suggestions
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stocck portfoliio, what’s the best way to take advantage of this bear market?
23 Comments
This video was made one day before the SVB collapse, wonder what these talkheads will say after they see the dead canary was actually a dead miner. 😎
Banks beeing shorted now are Signature, First Republic, Zions, KeyBank and Truist. Get your cash out.
Of course, it is a canary in the coal mine. Over the last 12 years, all these banks bought long term US T bonds at 1-3% interest. Now, they are loosing big money with it like SVB.
I don't want your money but I just proof my knowledge about money
Locking up money owing to a calamitous stock market crash is also a bad idea. Life is a risk, and it's better to take risks than to do nothing; you can't constantly expect to make enormous profits all of the time; and individuals have so many different perspectives on a recession/depression. My portfolio rose by $300,000 in gross profit in just 8 months; the key is to diversify your portfolio and you will experience spectacular returns investing.
SVB Definitely IS the canary in the coal mine. This dude desperately begging you to belleve otherwise is your definitive proof of that.
is Citi Bank next?
Investment Banks are the backbone for the innovation and start up business, are the backbone of the America. Powell and FED are directly responsible for the failure of SVB bank which is doing nothing but lending start up businesses…
Found online: "On top of this, there are now reports of Wells Fargo accounts freezing for people who are trying to withdraw and transfer funds. Bank of America is also getting swept up in this — both are trending, with a lot of Twitter users suggesting everyone get their cash out ASAP."
And Janet Yellen is "closely monitoring other vulnerable banks." How comforting.
The world has been on tenterhooks since the pandemic. People no longer trust government, science or the medical system. The war between Russia and Ukraine could blow up to be much bigger. Why would anyone think things are better than they were in 2008? 🤔
Hope it is unique, and the other sectors don’t have special banks with large deposits and unhedged bond holdings. Who knows?
SVB is the gorilla in the coal mine. Many banks bought treasuries and they are all under water.
Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.
😆
The economy is going off a cliff
🤔“I think that the system, that the administration has pushed many of these banks into more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns. Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it’s probably a badly run bank. They’ve been there for a lot of years. It’s pathetic that so many people lost money that won’t get it back.”🤡
Absolutely! So much hysteria all over the internet, and shamefully being portrayed wrong due to greed on the part of the "presenters". They take no responsibility for their trash talk. Watch those high rollers. They will fall hard. Most of us regular joes will be fine. You'll pay a price for greed. Take it slow and easy.
This didn't age well, and its only 3 days later …
The fed creates economic cycles with their monetary policy. Every cycle is a pump and dump that funnels more and more to the fat cats.
the bank was poorly managed by top management
SVB was 100% onboard on the ESG bandwagon. Pay attention to all other banks that are riding along on the same bandwagon…
The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategie;s … I would greatly appreciate any suggestions
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stocck portfoliio, what’s the best way to take advantage of this bear market?