Lots of articles related to SVB collapse in media. One in AFR particularly caught my attention with key points:
- markets are expected to plunge this week
- further runs on regional US banks are likely - queue of people outside SVB and regional banks trying to withdraw money - experts saying companies and individuals will start transferring their deposits from other regional banks on Monday leading to fresh run on other banks - it’s not just SVB that had exposure to the tech sector and crypto ( its seems crypto firms have lots of money with SVB - eg one has $5b) - it is possible depositors at SVB will only get 50% back on Monday/Tuesday this week and the rest in 3-6 months - no one will take a chance of that happening to their deposits in other regional banks and will want to get their money out
- while SVB had a dangerous exposure to VC and crypto space it’s failure was largely a guide to the health of other bank deposit levels - ie lots of banks have very underwater bond portfolios
- markets are now betting the probability of a 0.5% Fed increase is 40% down from 80% - IMO there is a chance of a 0% increase if there is significant contagion.
All sounds like it’s a very uncertain and volatile chaotic situation that may become significantly worse.
Its going to be a very interesting week.
Guess what this is good for?
- Forums
- ASX - By Stock
- Looks Like A Gold Buy Up
Lots of articles related to SVB collapse in media. One in AFR...
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.31 |
Change
-0.015(1.13%) |
Mkt cap ! $1.676B |
Open | High | Low | Value | Volume |
$1.33 | $1.35 | $1.31 | $12.39M | 9.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22165 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 130856 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22165 | 1.305 |
16 | 384715 | 1.300 |
3 | 48916 | 1.290 |
2 | 19537 | 1.285 |
7 | 47620 | 1.280 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 130856 | 3 |
1.320 | 13414 | 2 |
1.325 | 65981 | 4 |
1.330 | 201503 | 5 |
1.335 | 61003 | 3 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
BGL (ASX) Chart |