A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.
Noah Berger | AFP | Getty Images
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Last week’s collapse of SVB signals that the economy’s experiencing the impacts of the Federal Reserve’s tightening. Now, after the run on the parent of Silicon Valley Bank injected some panic into an already tiring market, the uptrend since October has buckled for now, the macro narrative has been scrambled by new financial-stress fears and the S&P 500 is back closer to the lower end of its sloppy ten-month range.
But does that mean better times are ahead or is the bear back?
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This one chart shows the uniqueness of Silicon Valley Bank and how it set itself up to fail
Silicon Valley Bank’s status as a key player for venture capital-backed companies in technology and related industries appears to have played a major role in its demise, according to J.P. Morgan Asset Management.
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As Silicon Valley Bank comes under pressure, here’s a list of the 15 most-shorted banks
Investor anxiety over tech-focused SVB Financial’s fund-raising plans sent its shares tumbling Thursday, but short sellers have been targeting several other banks too, data shows.
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Run on Silicon Valley Bank injects some panic into an already slumping stock market
It’s suddenly become tougher for investors to peer across the valley toward a more welcoming landscape.
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Economist Ed Hyman says it might be a good idea for the Fed to pause because of this financial shock
Notable economist Ed Hyman of Evercore ISI said the Federal Reserve should consider pausing interest rate hikes in part because of the financial shock that has developed with Silicon Valley Bank.
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Morgan Stanley’s Mike Wilson says sell any bounce on this government intervention, next leg of bear market has begun
The bear is back and raging in the wake of the failure of Silicon Valley Bank, and poised to hit new lows, according to Mike Wilson, Morgan Stanley’s chief investment officer.
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Wells Fargo upgrades JPMorgan Chase, says ‘Goliath is winning’ as uncertainty grows around banking
JPMorgan Chase is a source of strength during an uncertain time for the banking sector, according to Wells Fargo.
The firm upgraded JPMorgan to overweight from equal weight.
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Citi says it’s time to buy PNC shares after Silicon Valley Bank fallout
There’s a big buying opportunity in PNC Financial shares, according to Citi. Analyst Keith Horowitz upgraded PNC shares to buy from hold.
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Davidson upgrades PacWest shares to buy as bank stock continues to crater another 37%
PacWest Bancorp shares continued to crater on Monday amid fears of contagion from the Silicon Valley Bank failure, prompting Davidson to say the sell-off represents a more attractive entry point for buyers.
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Citi upgrades Charles Schwab, says recent selloff opens a promising entry point
The recent pullback in Charles Schwab shares presents a compelling entry point for investors, according to Citi.
Analyst Christopher Allen upgraded Schwab shares to buy from neutral, saying that Schwab shares have limited risk of deposit flight risk.
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Banks are sweetening the interest rates on their CDs. Here’s what you should know before you jump in
For investors in search of relatively safe yield, hiding out in a certificate of deposit is finally paying off.
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As Silicon Valley Bank comes under pressure, here’s a list of the 15 most-shorted banks
Investor anxiety over tech-focused SVB Financial’s fund-raising plans sent its shares tumbling Thursday, but short sellers have been targeting several other banks too, data shows.
READ MORE
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Silicon Valley Bank blowup highlights deposit risks vs Treasurys
The dramatic decline of Silicon Valley Bank (SVB) has caused concerns about contagion risk. The bank is a major lender to Silicon Valley venture capital funds and startups.
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Wolfe Research downgrades Tesla, says SVB failure adds to automaker’s macro pressures
Macroeconomic concerns around Tesla are starting to mount, according to Wolfe Research. Analyst Rod Lache downgraded Tesla shares to peer perform from outperform.
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