Monday could be a bloodbath… saved by the bell

by TheHiveminder

Is First Republic Bank next to fail? Stock dropped 34% in the past week.
The San Fransisco headquartered bank, Fist Republic, On Friday a week ago stock was $123, yesterday it’s $81.

Monday should be interesting … expect lots of statements Sunday and early Monday from the usual suspects … 🤨 pic.twitter.com/YeSs9g0M2b

— Wall Street Mav (@WallStreetMav) March 11, 2023

Silicon Valley Bank collapse blowback – “Things are to get bad for tech: starting w startups/scaleups that did not manage to get their money out, there will be tech companies struggling to make payroll & pay vendors next week.”

Customers locked out of Silicon Valley Bank branches in Mass. after FDIC orders closure