
This is the 3rd largest bank failure in US history in 72 hours! The 2nd (SVB) was 2 days ago. First Republic Bank is down 70% in premarket. The banking sector is getting crushed today in the premarket. Here is the list of top 3 failures.
- Washington Mutual 2008
- Silicon Valley Financial Group 3/10/23
- Signature Bank 3/13/23
Are you starting to see a trend? There is more to come. The Fed Rate hikes are dead because the threat to the banking sector is real now. The Fed wanted a recession, guess what we just got one.
More to come later but expect the market to sell off again. Don’t try to catch a falling knife…..otherwise the blood is on your hands.
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