Well if that doesn't scream systemic risk I don't know what does. I wonder what the market will make of this. Id certainly be reducing exposure to these Banks.
Well if that doesn't scream systemic risk I don't know what does. I wonder what the market will make of this. Id certainly be reducing exposure to these Banks.
Lancers32
Often Wrong Never In Doubt
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- 723
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- 193
They been spinning these plates furiously for at least the last 20 years now. They should have just let it explode long ago and we might be back to some type of normal by now. I think they will avert bank runs this time but eventually this thing is done. Who knows how long this lasts but as long as we have as much fear in the market as we do now I doubt we see a crash. Sidelines seems like a good place to be now. No need to get trampled by the elephants there is always another opportunity down the road.
Yeah, well... it could have been just a bit of a recession, but nope... I thought 2008 would do it, but nope...
It will be interesting to see how the market reacts to all the smaller banks on Monday. This might just trigger a general move to safety out of the smaller banks that could be enough to cause the issue they think they have avoided.
At this rate it all becomes systemically important and Joe Sixpack Insurance Co will have to pick up the tab for them all!
First Republic drops 60%, leads decline in bank stocks despite government's backstop of SVB
First Republic Bank led a decline in bank shares Monday that came even after regulators' extraordinary actions Sunday evening.
Investors rush into bonds, gold in flight to safety after SVB rescue
Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank.
Cryptos now surging as of this post.
More:
First Republic’s stock paused for trading as regional bank jitters persist despite Fed backstops
Lender to wealthy Silicon Valley customers First Republic Bank's stock takes a dive as regional banks remain in focus after the demise of SVB and Silvergate.
www.marketwatch.com
jelly
Fly on the Wall
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Flash in the pan? Or will this move have more upside?
Silver looks like it's in the right area for a sustained move up. Gold is questionable.
Will the metals move down with the stock market if the general markets get smashed lower this week with banking fears? So many ways this could go...
Silver looks like it's in the right area for a sustained move up. Gold is questionable.
Will the metals move down with the stock market if the general markets get smashed lower this week with banking fears? So many ways this could go...
The ASX gold tribe kick off strongly this AM but we are fading into the end of the day. The hardened locals expect this to be kicked in the teeth before too long, can't have strong gold and weak banks... that will never do!
They will hose it down, any sustained move will come later. Can't have gold firing on all cylinders while the banks are in the news cycle for the wrong reasons.
2c
JMO etc.
Probably, because for the most part people have been totally dumbed down. The majority don't want independence. They just want to sit in their gaming chair and be supplied with hot pockets and sugary drinks.
Always nice to hear that you are on the right track with this stuff...
Cryptos are surging. BTC up to around 26K now - up roughly 30% for the week. I'd be keen to know what % of the flows into BTC are from America and what % is from the rest of the world (but I don't know where to find that kind of analysis).
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.
Flip a coin as to whether the Fed raises 25 (market expectation) or 0 (Goldman expectation).
- Messages
- 55
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- 103
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- 103
Caught between a rock and a hard place. No hike and the tightening jawboning is seen for what it is. Rate hike and there is a very real possibility of some angry fear fueled market puking.Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis.www.cnbc.com
Flip a coin as to whether the Fed raises 25 (market expectation) or 0 (Goldman expectation).
Should be interesting...
- Messages
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- Reaction score
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That's where I would put my money if I had any.
It's early this morning and I see the dollar index surging. That's normally bad for gold (in dollars), but gold and silver are also breaking out to the upside. S&P & crude are both in the red and cryptos look to be going sideways.
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Safety trade, as in risk off?
I suspect the action might be indicative of banking stress in Europe (Credit Suisse, et. al.), but that's pure internet armchair speculation. I'm not ass deep in a Bloomberg terminal analyzing market data on this.
Shocking..
Well after the close today they have "Declared" CS solvent. So yeah, go back to sleep my sheep.
Credit Suisse Declared Solvent, Central Bank Pledges Backing
Credit Suisse stock fell to all-time lows Wednesday, dragging European, U.S. banks lower. Credit Suisse's largest backer denied assistance.
I think this might help for about 4 hours.
Yes...
This is what will drive gold.
There system is weaker than yours, a CS failure would be huge, that will drive a certain % of money into gold because trust in the USA has been damage by Biden Inc's response to all things Russian. A % of the big money in Europe will seek alternates in sufficient volume to lift all alternate capital destinations to the US system. Given gold's market size it should be enough to make a reasonable rally.
The US will not want to see gold move as an alternate to the USD and it will be fough. In this respect, I think that Joe has created a monster they can't control, we will see.
2c
JMO
etc.
- Messages
- 232
- Reaction score
- 480
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- 163
ASX Gold Tribe opening flat but all green.
AUD Gold in virgin territory yet the gold stocks are lagging, hmmmm....
10 Year Yield still in its range...
Stepping back a bit and the 2 Year Yield looking like a trend break, retest and failure...
VIX hitting the rev limiter, flirting with the "phucked bucket"...
Hedgeye headline - McCullough: If Powell Raises Rates, Look Out Below
Top YouTube comment IMO.
FDIC has a little over 1.2 cents against every insured dollar on deposit. Shit storm contained? You gotta be
kidding me ...
FDIC has a little over 1.2 cents against every insured dollar on deposit. Shit storm contained? You gotta be
kidding me ...
but the tax payer won't have to pay anything and everyone will get bailed out
joe said so. . .
joe said so. . .
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