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Markets are rallying today, with the Nasdaq-100 even spiking up into bull market territory. But I wouldn’t get too excited. Bottom line, the quagmire with the banking system is far from over. A ton of banks are sitting on marked-to-market securities losses amounting over $620 billion, according to an analysis from Goldman Sachs. But that’s […]

Whenever you have a story as enormous as the banking crisis, it can be hard to step back and take a look at the big picture. Given enough time, the shockwaves from the SVB collapse and everything that’s followed it are going to even out. It may take longer than we want, and there may […]

Stocks jumped in early Monday trading after regulators announced a sale of Silicon Valley Bank’s deposits and loans – but by midday the major indices gave back some of the early gains leaving investors to worry which direction the market is actually heading. Frankly, I think it’s heading lower. I don’t think the banking crisis […]

Markets are flip-flopping as they continue reacting to the recent actions and comments by the Fed, as well as the ongoing fallout from the banking crisis. If you read yesterday’s Total Wealth article, you’ll know that we’re not out of the woods yet as far as the banking sector goes – and if you haven’t […]

Regulators are trying to calm depositors and bank equity investors, talking about potentially backstopping all uninsured depositors. They’re talking about how banks can borrow from the Federal Reserve’s Discount Window and get FHLB (Federal Home Loan Bank) advances to meet withdrawals. They’re even talking about how unwarranted it is for people to panic over losses […]

It’s still all about the banks this week, but we’ve got an added wrinkle to contend with – the Federal Reserve’s decision on interest rates this Wednesday. Even though the U.S. government has implemented numerous plans to backstop banks, there’s still a big question regarding what the Fed plans to do regarding its interest rate […]

When I went live this week, there was a potential deal on the table for some of the largest banks in the country to bail out First Republic Bank in an effort to stem the ongoing crisis that started with the SVB collapse. Now, that deal seems to have gone through, and First Republic is […]

Newsflash: Even if Silicon Valley Bank (SVB) was stress-tested by the Fed, their problems would not have been unearthed, though they were more than understood by Goldman Sachs. SVB’s problems were, in fact, used by Goldman to “help” SVB, which immediately buried the bank and grossly enriched the great vampire squid. (It’s my analogy for […]

Of course, by now you’ve probably read a dozen stories about the collapse of Silicon Valley Bank, or SVB for short. This is what you need to keep in mind: the financial sector is not out of the woods yet. Yes, even though the U.S. Government (Treasury Department, Federal Reserve and the Federal Deposit Insurance […]

We’re seeing a lot of the same action that we saw in 2022 this week, with markets seesawing back and forth in response to battling narratives and big headline news. A triple-whammy of strong jobs reports, crises in the crypto world, and a massive bank stock selloff are taking markets lower, even as market-makers try […]