Bank Runs, Fed Pivot and TSLA Downgrades — “Oh My!”
Last week, someone I follow on Twitter mentioned going to a party with 20 or so folks, none of whom had even heard about Silicon Valley Bank. Fast-forward to last night … I heard Lester Holt covering the story on his NBC Nightly News show as I cooked dinner. My point is: “Bank failure” and “bank run” are now at the forefront of the minds of everyday Americans. Most folks won’t care to understand the details or nuance of what happened at Silicon Valley Bank and Signature Bank. Instead, they’ll simply hear “second-largest bank failure” on the nightly news and grow more hesitant to invest.
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