Published By Banyan Hill Publishing | | | | Published By Banyan Hill Publishing | | | | Silicon Valley Bank Crumbles Like It's 2008 By Charles Sizemore
Chief Editor, The Banyan Edge | Banyan Nation, The biggest news in finance this week is the spectacular failure of Silicon Valley Bank (SVB).
Once the 16th largest bank in America, it’s now the second largest bank failure in U.S. history.
SVB was a favorite lender in the tech word, located in the heart of Silicon Valley. But now, every major news headline is calling its collapse a textbook repeat of the 2008 financial crisis.
On today’s podcast, Adam O’Dell and I explain exactly what happened with SVB — and why the FDIC swooped in to take it over.
It’s a complex issue, with bad investments and PR decisions on the bank’s end, combined with an overall volatile stock market.
And we’re still seeing that volatility.
Adam’s Trend and Momentum model for his Max Profit Alert service actually flashed some warning signs that the financial sector as a whole has been in trouble, showing weaker momentum in the past few weeks.
Adam explains how his stock rating system quantifies “momentum,” and can even pinpoint how a bank like Silvergate Capital was in just as much hot water as Silicon Valley Bank.
Tune in to today’s episode below! | | | Listen to Our Podcast Everywhere!  Want to listen on the go? The Banyan Edge Podcast is now on Spotify, with more social platforms to come!
And remember, if you liked this episode and have comments or questions, just let us know at BanyanEdge@BanyanHill.com!
Regards,
Charles Sizemore
Chief Editor, The Banyan Edge P.S. Silicon Valley Bank may just be the “first shoe to drop” in a larger banking crisis set to unfold.
If that happens, the losses some tech companies have already seen could soon look like a drop in the bucket.
Adam’s got his sights set on one household-name tech stock in particular … which, in his opinion, has plenty more room to fall.
Click right here for Adam’s most recent research on this company, including the full ticker symbol. | | | Adam O’Dell recently shocked the crowd by revealing a company he believes is on the brink of disaster. It’s one of the largest in the world and makes up 10% of investors’ portfolios right now. But those who know what’s happening can place a special type of trade to target profits. Go here for details. | | | (c) 2023 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096) Legal Notice
The mailbox associated with this email address is not monitored, so please do not reply.
Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us
Remove your email from this list: Click here to Unsubscribe | | | |
Post a Comment
Post a Comment