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JCT 2y ago

Regional Bank Stocks Close at Lowest Level Since 2020.

Two banks are down 25% & 19% PacWest and Western Alliance respectively. But according to Janet the banks are resilient and safe

https://www.wsj.com/articles/regional-bank-stocks-plunge-ahead-of-fed-meeting-617ee3b4?mod=hp_lead_pos1🤡 🌎

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Scurvydog 2y ago

What’s the connection between stock price and stability?

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JCT 2y ago

It's a confidence game... with regional bank sentiment being what it is, stock price reflects confidence.