Regional Banks In Freefall

[Off-Grid Organics]

Just checked gold, saw it went vertical -

Weak JOLTS?, Poor factory orders, a sudden realization of the urgency and seriousness of the debt ceiling debacle, Europe back from vacation, or just pre-FOMC jitters?
Who knows to be frank but everything went just a little bit turbo, starting with a total collapse in regional banks...


And despite the Biden admin claiming that FRC was just another 'outlier' business model, PacWest, Western Alliance, and Zions (among others) are in a freefall...


Looks like we are back to "who's next" after yesterday's Milken Conference. Here's a guide...


But the 'big banks' are also getting slammed...


The majors all instantly puked at the US cash open, led by Small Caps (but The Dow and S&P are down over 1%)...


"Most Shorted" stocks are getting monkeyhammered lower...


Notably, 0-DTE traders are fighting this downtrend hard...


Source: SpotGamma
Just as we warned yesterday, the surge in yields (driven by a heavy corporate calendar and illiquid marke) has reversed entirely with yields collapsing this morning...


The 2Y Yield has puked back to a 4.00% handle...


Rate-hike expectations are dovishly puking lower...


Gold has spiked back above $2000...


And Bitcoin is starting to rip again...


And Oil prices are tumbling, with WTI now back well below pre-OPEC+ levels...


Is this a last minute effort to pressure Powell to be 'one and done'?

https://www.zerohedge.com/markets/st...banks-freefall

[DontTreadonMe7]

Ever notice that Green Man and Hoppalong never talk about the state of the Biden economy. Not even a quibble or a hamster fart that he had done anything remotely wrong.

just nothing but stirring the daily shitstorm on Trump and Christian conservatives.

Don’t they realize how people see through the lies and stupidity?

[dmatic]

Don’t they realize how people see through the lies and stupidity?

I actually don't think they do.

[Off-Grid Organics]

Don’t they realize how people see through the lies and stupidity?

Ummm....NO!

[Hoppalong]

Ever notice that Green Man and Hoppalong never talk about the state of the Biden economy. Not even a quibble or a hamster fart that he had done anything remotely wrong.

just nothing but stirring the daily shitstorm on Trump and Christian conservatives.

Don’t they realize how people see through the lies and stupidity?

Why should I, I have never lived better in my life. I have way mare money in the bank than ever before. I live in a Government Hud housing that is great, Everything is paid for except Cable, which we do get a 30% discount, Phone, and internet, that is all I pay for rent is 30% of my SS check, and even has a top end that it won't go over. In fact I am going to the store and get a nice beef roast. Sure is a great time we are living in right now, never better.

And at a side note, sure is nice being poor, I pay no federal taxes, pay no Stae income taxes either. But I do fit;e WI. Homestead Credit, of which I get around $250 dollars back from the state.

[Pastor Guest]

Why should I, I have never lived better in my life. I have way mare money in the bank than ever before. I live in a Government Hud housing that is great, Everything is paid for except Cable, which we do get a 30% discount, Phone, and internet, that is all I pay for rent is 30% of my SS check, and even has a top end that it won't go over. In fact I am going to the store and get a nice beef roast. Sure is a great time we are living in right now, never better.

And at a side note, sure is nice being poor, I pay no federal taxes, pay no Stae income taxes either. But I do fit;e WI. Homestead Credit, of which I get around $250 dollars back from the state.

Your thinking that the economy crashing won't affect you is like the man who wasn't concerned about how many farms were going out of business because he got his food at the supermarket.

[jimmyb]

Hoppy is just a troll he used to be living in his own home now he has HUD housing..
Greenman is welcome to add to the conversation anytime as I don’t have a problem with opposing views but the troll will be ignored from this point forward..

[dmatic]

Your thinking that the economy crashing won't affect you is like the man who wasn't concerned about how many farms were going out of business because he got his food at the supermarket.

Good one, but, maybe he hasn't heard his sugar daddy is broke. 32T in debt and soon, no one will loan him any more money....

[Hoppalong]

Hoppy is just a troll he used to be living in his own home now he has HUD housing..
Greenman is welcome to add to the conversation anytime as I don’t have a problem with opposing views but the troll will be ignored from this point forward..

No I have never owned a house, I rented for 20 years when I had all my horses, and raised my own steers to fill my freezer. And even when I Moved to AZ I rented a place at a horse boarding stable before moving back to WI. To work at a computer parts company, which I did for 10 years before having to go ahe age of 54 go on SS disability for severe ruematoid arthritis.

[pc-not]

And that , therein, lies the difference. Once you obtain that victim/gimmedat mentality, you are no longer of the mindset that made this country great. Moving to the other side of the ledger (libtard, socialist, mindset)[Changesd your whole makeup. That is the difference between you and people like me here on The Tree. We all have endured setbacks and hardships in life, but choosing to be a victim is not how we roll. I've survivied a near fatal loggiong accident that put me out of work for a year at age 31. Later had two business failures and lost a boat at sea with lapsed insurance at 45. However, I did not whine or seek government assistance. I kept trying, and here I am at 76 still working most every day and enjoying the ride for the most part. My ex-wife, on the other hand, chose the route you did. She is a class A victim, living in government housing, and relying on handouts to survive. She will not give up smoking two packs a day, claiming "it's my only pleasure." Poor choices and then resentment towards others whom have succeeded. Sounds like you, Mr. Hoppy.

QUOTE=Hoppalong;2879336]Why should I, I have never lived better in my life. I have way mare money in the bank than ever before. I live in a Government Hud housing that is great, Everything is paid for except Cable, which we do get a 30% discount, Phone, and internet, that is all I pay for rent is 30% of my SS check, and even has a top end that it won't go over. In fact I am going to the store and get a nice beef roast. Sure is a great time we are living in right now, never better.

And at a side note, sure is nice being poor, I pay no federal taxes, pay no Stae income taxes either. But I do fit;e WI. Homestead Credit, of which I get around $250 dollars back from the state.[/QUOTE]