This self-proclaimed 'diver' is not touching First Republic, but has an eye on a stock that's been 'lost' for a decade.
Control, or at least the illusion of control, is everything to the central bank now.
The most likely scenario playing out in Q2? Lower entry points will be available for the prudent and patient.
It's a place where one can maintain some exposure to the financials while letting Buffett and his team diversify the investment for you.
Things are moving fast, and believe it or not there's even some 'good-ish' news out there.
Let's take a close look at the KRE, the SPDR S&P Regional Banking ETF.
The Fed is being forced to help banks and put its battle against inflation on hold.
As my late banker father liked to quip during these types of financial hiccups: 'There is never just one cockroach.'
Do the math. Markets fluctuate, but calculus never does.
The bulls gained some confidence, while the bears scratched their heads and wondered why the market doesn't care about the glaring problems out there, such as with First Republic.