Bank are feeling the pain of higher interest rates and the bear market is entering a new phase as a result, writes James "Rev Shark" DePorre, who says the troubles at Silicon Valley Bank (SIVB) and Signature Bank (SBNY) have revealed the damage higher rates are inflicting on the financial system.SIVB
If an investor has free cash to employ, they could simply buy what others were frantically dumping, regardless of their low prices and valuations..SIVB
After futures rise on plans to deal with the Silicon Valley Bank collapse and Signature Bank shutdown, be cautious before getting too aggressive on the long side a strong opening could quickly fade..SIVB