Buckle up and adjust your trading goggles. It is going to be a bumpy ride.
There should be plenty of opportunities to take advantage of volatility as things progress.
With the CPI on tap, it is not as simple as dovish being good and hawkish being bad.
Banks are going to get hit on the basis of valuation alone, even if there is not a run on deposits.
I sold half of my bank positions last week before news of the SVB collapse. This is my plan for them now.
Today we'll find out how Wall Street receives what the Fed, FDIC and US Treasury are doing.
What is truly remarkable is how the bank's management did not see this coming.
I doubt I am the only investor making a flight to quality move.
The troubles at SVB Financial once again raise the question of just how interlocking the financial system is.
The question becomes whether the problems at the parent of Silicon Valley Bank are more than just an isolated incident.