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Why Did First Republic Bank Just Plunge 60%? Find Out Now! (SVB) (FRC) | VectorVest

The VectorVest Stock Market Podcast
The VectorVest Stock Market Podcast
Episode • Mar 14, 2023 • 11m

https://youtu.be/C7QskxR8n8Y

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Bad bank news shook the market today! SVB Financial Group along with a couple of other regional banks came under some heavy selling pressure today. These banks that bought bonds and with the rising Interest Rates got penalized in a big way. Interest Rates are due to rise again next week but by how much? Are other Regional Banks fearful of the same kind of outcome? I think that the other shoe has yet to fall but that is just an opinion. If you look at the graphs of these stocks in VectorVest, nothing shows me that many of these stocks are good buys at this time. This video looks at the main story of the day, banks, and the State of the current economy!

Why Did First Republic Bank Just Plunge 60%? Find Out Now! (SVB) (FRC) | VectorVest

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