https://www.cnbc.com/2023/03/12/tre...rnment-wont-bail-out-silicon-valley-bank.html no bail out. bank sector etfs will go down next week. even if svb can find a buyer, there are few more banks on the same boat.
the sum of money is still there, cash doesn’t exist, most in long dated treasures. if you can’t repo the treasuries, no one will buy at face value.
liquid, yes. Not at a good price, that is the problem to begin with. Unless you can pay your employees in treasuries.
My thesis is a lot of scared money, both retail and institutional, will hit the tape with moo sell orders Monday. Especially banking/finance sectors which will plunge markets down. But who knows
We’ll know more tonight….supposedly…… https://www.bloomberg.com/news/arti...twitter?sref=cv51C53O&leadSource=uverify wall