No big deal, just an indication that the fed's plan to induce a recession is working. Recessions are not good for banks. Who knew.
I could be wrong, but don't they have these board meetings almost every month? I think everyone is just blowing it out of proportion since the SPX hit new lows.
Because real trading is too hard and too much work. For some, all this "news" reporting is a substitute for doing actual trading work. All these people talk about crashes, bounces, bottoms etc, but have they actually prepared. Do they have their allocations, and risk management, straddles etc, in place? Naw, better to hand wring and be a poser posting to a forum, imo