...oddly market participants bid up US bank stocks when they beat estimates and overlooking entirely these unrealised losses that is not included in their profit numbers. If it was done on a mark to market basis, they would be swimming in red.
UNREALISED LOSSES BY U.S. BANKS 7x HIGHER THAN 2008 FINANCIAL CRISIS
https://x.com/RadarHits/status/1847243696061677627
