, nearly erasing its gains for the year, while the Cboe Volatility Index, known as Wall Street’s fear gauge, surged to its highest level in 3 months. Yields on two-year Treasuries saw their biggest plunge since the 2008 financial crisis. That suggests a flight to safety among investors as well as bets that economic distress may force the Fed to ease up or reverse its aggressive tightening.The U.S.
Similar to the UK pension fund crisis in September, the firm appeared to be on the wrong side of the surge in yields, leaving it exposed to interest rate risk and unable to meet its liabilities. "Contagion risk stemming from the collapse of SVB Financial triggered a sell now, ask questions later, backdrop for stocks," said Adam Turnquist, chief technical strategist for LPL Financial. He noted that less than half of the companies in the Standard & Poor's 500 were trading above their 200-day moving average, down sharply from 79% in February.
SVB failure demonstrate that hiring professionals based on their merit instead of race, gender, sexual orientation AKA diversity, equality and sexual orientation is critical for the business Wake up people - vote conservative GO WOKE GO BROKE
Start here
More gaan die poppe dans
Who did they lobby? CronyCapitalism
America will collapse soon
'systemic'....pls no... This word scares the shxxt out of me....
Vanishes lmao I'll make them reappear Pouf Magic There was AI in the Bible with the battle of Joshua In order to obtain Jericho they just have to walk around God's pretty Awesome for sure 🤗❤️ Trust in God It's that simple
Anyone having deja-vu of 2008 cheap money ended for the Billionaires Hedge-Fund gambling?
Doesn't that mean that this bank is just the first in line?
Analysis: Capitalism has failed again...
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