Well done.
If you DYOR then you've only got yourself to blame or congratulate when you cash out.
Hopefully the early morning action wasn't just MMs closing shorts to fake strength.
I hope you also looked at HTM losses across the board
As mentioned yesterday, SCHW is the one to watch
SCHW was around number 11 or 12 biggest bank in the world prior to last week
BAC looking a little heavy if rates keep rising too (and they are what you call BIG).
What's more interesting is SIVB paper losses were 'only' sitting around 10% prior to last week.
Just shows how quickly things can escalate.
FWIW the 'solution' the Fed and FDIC is just a Band-Aid and will cause an absolute disaster down the line.
So they'll back the bank run, which is great for customers cause they get made whole
But what happens to those small banks that 'loan' the money to fund the bank run
They ain't getting that back
Regional banks gonna burn and the whole banking sector will feel it...
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(20min delay)