S&P Downgrades U.S. Banks on Liquidity Concerns
I recently sat down at my home in Connecticut to film an important update on the banking crisis that began in March. And the story is already getting attention... Reuters reports: "S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders." In other words, 2 of the 3 chief rating agencies are officially sounding the alarm on U.S. banks. What does the third rating agency think? Well, according to Reuters, an analyst at Fitch (the last of the three chief rating agencies) says that several banks, including JPMorgan Chase, could see downgrades very soon. These banking concerns, combined with persistent high interest rates, has the market jittered. So you may be asking yourself, "Are we about to see a repeat of the March 2022 Bank Run?" But before you panic and rush to sell stocks, take 5 minutes this morning and watch my recent update on the bank crisis. I predicted March's Bank Run in November of last year – a full 5 months in advance. At the time, I didn't know where it would start or how it would take place exactly. I was simply following the data to their logical conclusion. And that's exactly what I've done again... Here's my prediction for what will happen during the next phase of this banking crisis. Sincerely, Marc Chaikin
Founder, Chaikin Analytics P.S. If you didn't get my email yesterday, I shared the news that rating agency Moody's took various actions on 27 U.S. banks over the past two weeks. And it put six big banks – including U.S. Bancorp, Bank of New York Mellon, and Truist Financial – on review for potential downgrades. Now the S&P has issued its own warning... And it sounds like Fitch will make similar statements before long. So, if you haven't followed this story (which could have huge implications for your wealth in the weeks ahead)... Click here to learn more. | 
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