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A comment on Silicon Valley Bank’s shares are tanking as a mess unfolds.
Two of the largest bank ETFs are down around ~8% today. SIVB is only 2% of the holdings of KBE and 3% of KBWB.
https://www.google.com/finance/quote/KBE:NYSEARCA
https://www.google.com/finance/quote/KBWB:NASDAQ
A former Bridgewater guy who I respect very much is saying that the panic is totally uncalled for: https://mobile.twitter.com/BobEUnlimited/status/163395659942...
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Two of the largest bank ETFs are down around ~8% today. SIVB is only 2% of the holdings of KBE and 3% of KBWB.
https://www.google.com/finance/quote/KBE:NYSEARCA
https://www.google.com/finance/quote/KBWB:NASDAQ
A former Bridgewater guy who I respect very much is saying that the panic is totally uncalled for: https://mobile.twitter.com/BobEUnlimited/status/163395659942...