The sudden worry of real "Contagion "
in the banking system in the United State is now very real....
and has caused US Regulators to seize two banks this weekend
SVB Bank in Ca, the second largest US Bank.
and Signature Bank in NY, a major crypto bank.
Worries and concerns are that there will more bank runs,
and more banks shuttered, an idea that is almost unthinkable for the United States.
A flight to quality has now enveloped financial markets
with traders and investors fleeing paper "riskier assets like stocks,
and pouring money into the US Treasury Bond/Bill Market,
causing 5 % yields to literally vanish overnight.
SPX NOON OPEN 3891.40
After Hitting a LOW 3808.66 this morning.
THE_UNWIND
WOODS OF CONNECTICUT
in the banking system in the United State is now very real....
and has caused US Regulators to seize two banks this weekend
SVB Bank in Ca, the second largest US Bank.
and Signature Bank in NY, a major crypto bank.
Worries and concerns are that there will more bank runs,
and more banks shuttered, an idea that is almost unthinkable for the United States.
A flight to quality has now enveloped financial markets
with traders and investors fleeing paper "riskier assets like stocks,
and pouring money into the US Treasury Bond/Bill Market,
causing 5 % yields to literally vanish overnight.
SPX NOON OPEN 3891.40
After Hitting a LOW 3808.66 this morning.
THE_UNWIND
WOODS OF CONNECTICUT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.