BANK CONTAGION SPREADS TO THE REAL ECONOMY
posts.themacrotourist.com
BANK CONTAGION SPREADS TO THE REAL ECONOMY
The 'tourist reviews today's market action and explains why he is starting a long KRE position
It was supposed to be a quiet day ahead of tomorrow’s employment release, but regional bank SVB Financial Group had other plans. For those not familiar with SIVB (the stock symbol for SVB Financial Group), it stands for Silicon Valley Bank, and it’s exactly what you’d expect.