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Thanks for the technical analysis!
ReplyDeleteI would never imagine we would see the run on the bank unfolded similar to 2008. SVB (Silicon Valley Bank), or also known as the tech company bank, made the headline this week: "Silicon Valley Bank collapses after failing to raise capital". Janet Yellen testifies today and has to direct his team to execute the playbook similar to 2008 as the Fed tries to separate SVB good assets from bad assets. The overall banking sector is resilient and their balance sheets are much stronger compared to 2008. I think investors overacted on one (1) bad apple.
In your video, you mentioned about one (1) health care stock added. What is the stock called? Thanks. Have a great weekend!