Weekly Market Recap: Bank Run! What Fallout Will Silicon Valley Bank's Failure Have?

Wealthion - Be Financially Resilient · Mar 11, 2023 · 1h 28m

What a difference a week makes...

Last week the market technicals were starting to look like the bulls had won out.

But this week, trouble in the banking system, most notably the failure of Silicon Valley Bank (the 2nd largest bank failure in US history), has created a bearish marker reversal.

So how meaningful is the failure of SVB?

What fallout is most likely to come out of it?

Portfolio manager Lance Roberts and I tackle these questions head on in this week's Market Recap.

We summarize everything we know so far about why the SVB failed and how exposed other banks may be to the same causal…