Loading ...We’ve had our first bank blowup of the year – SVB Financial a Silicon Valley Bank. We know Credit Suisse is in trouble as well. So much for higher rates being good for bank earnings.
Bitcoin is getting obliterated again after yesterday’s 1K+ decline, down another 650, back below $20K. Bonds rallying. All we needed was a bank blow up, which we now have with SVB Financial. Discussing a potential blow up in their CA. real estate portfolio.
Is this the beginning of a March Meltdown for the SM ala 2009?
This might also give the Fed the cover they need to pause.
As of this moment gold and bonds are the only things I see that’s up.
I like the setup going into the jobs report.