Something is brewing…
SVB could be on the brink of collapsing. If it does not, they have a huge problem to address, and a huge hole to fill. They are facing a potential bank run as consumers’ confidence level dropped. Investors may also dump their shares as the bank announced sale of their shares.
The stock is a classic falling knife now. Don’t catch it no matter how cheap it may get in the near term. Let the dust settle.
To add on, whatever that has just happened, or going to happen will create a ripple effect in the bank and financial industry. It may also spill over to the broader market.
Embrace for impact.
From YouTube
$SVB Financial(SIVB.US$ $Bank of America(BAC.US$ $Citigroup(C.US$ $JPMorgan(JPM.US$ $Jpmorgan Chase & Co.(AMJ.US$ $Financial Select Sector SPDR Fund(XLF.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Invesco QQQ Trust(QQQ.US$ $NASDAQ 100 Index(.NDX.US$ $Spdr S&P Bank Etf(KBE.US$
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