Today’s show is sponsored by Invesco QQQ:
See here for more information on investing in the Nasdaq 100
On today’s show, we discuss:
- The demise of Silicon Valley Bank
- Thoughts on the bank bailouts
- NYPD called to Silicon Valley Bank branch as depositors attempt to pull cash
- S&P SPIVA US Scorecard
- The hotel cabanas that cost more than most rooms
- Three million US households making over $150,000 are still renters
- Fear over Social Securities future leads some to claim retirement benefits early
YCharts x Animal Spirits Webinar on March 23rd at 2:30 Eastern
SVB was founded in 1983.
Its birth and death bookend a distinct 40 year period of economic history.
— Joe Weisenthal (@TheStalwart) March 10, 2023
$42 billion in deposits fled SVB yesterday pic.twitter.com/TxzOJehhDk
— Deirdre Bosa (@dee_bosa) March 10, 2023
At Silicon Valley Bank, north of 93% of the bank's $161 billion in deposits are uninsured per a recent regulatory filing, @MaxJReyes writes.
Follow our live blog for the latest developments on SVB https://t.co/rXLJQRLgMC pic.twitter.com/7T3r0YqoYt
— Bloomberg (@business) March 10, 2023
Feels like fall of 08 a little. But with much less panic. These regulators have had 15 years working on this. There is a lot more expertise and experience. The stakes are better known. All that is a likely positive for how this gets resolved svb depositors and the system.
— Bob Elliott (@BobEUnlimited) March 10, 2023
This can't be good pic.twitter.com/9bPY4qGmSo
— Eric Balchunas (@EricBalchunas) March 13, 2023
I have been advocating for CFO's to keep some cash in #Bitcoin for a while now as a hedge against bad government and the banking system. The Silicon Valley Bank crisis might keep companies who didn't buy at least some #BTC from making payroll on Monday. This is a Main St. problem
— Tim Draper (@TimDraper) March 11, 2023
If markets closed now, the 2-day move in 10-year US Treasury futures (going back to 1982) would be 99.9th %-ile.
What’s your catalyst narrative?
— Corey Hoffstein 🏴☠️ (@choffstein) March 13, 2023
The market is now projecting a Fed Funds rate of 4.10% by the July meeting, or just under 50 bps of cuts from current levels. This was at 5.66% last Wednesday. That's 150 basis points of looser policy in less than a week. pic.twitter.com/tk4JmTDJsF
— Bespoke (@bespokeinvest) March 13, 2023
Treasury rate volatility: highest since the GFC $MOVE pic.twitter.com/Px6iMcLZfa
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) March 13, 2023
Put options volume hit a record today pic.twitter.com/FqDDmcqt08
— Gunjan Banerji (@GunjanJS) March 11, 2023
Traffic to home builder websites hit an ALL TIME high on March 7th. Yep – even way beyond any time in 2020-2022.
— Kevin Oakley (@koakley81) March 9, 2023
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