Now is the time to be particularly careful in the markets.
First and foremost, the banking crisis is not over. This is quite concerning because the Fed has pumped nearly $400 BILLION into the financial system in the last two weeks.
(Click on image to enlarge)
Despite these emergency loans/ access to credit, the regional banking ETF KRE is right back near its panic lows. What does it say about the issues in the financial system that $400 billion in additional liquidity combined with verbal backstops by the Fed/ Treasury isn’t enough to reverse the decline?
More By This Author:
Why The Credit Suisse Collapse Is A Big Deal For Banks Going Forward
The Fed Is Back To Printing Money… With Inflation At 6%
Three Charts Every Trader Needs to See Today
Comments
Log in or sign up to join the conversation.