Hi, I had opened a short on the SP500 last night, all economic factors are pointing towards a recession whether it is interest rates, housing market, inflation or political leaders. This week the US 2 year treasury reached 5%, a level not seen since just before the financial crash. Waking up to the news of Silcon valley bank plummeting due to them announcing a share sale to help hold up their finances. This saw shares across the whole market drop, spooking investors. Shares in the four largest banks dropped more than $50 billion. I believe this could be the catalyst to start the next financial crash, I had already made some predictions on this a few months ago in September 22.
SVB is also a big lender to the tech industry which has built up as the foundations of the current economy.
Maybe I'm wrong - let me know your thoughts!
SVB is also a big lender to the tech industry which has built up as the foundations of the current economy.
Maybe I'm wrong - let me know your thoughts!
