BREAKING: First Republic Bank shares drop by record 67% at the open before trading halted https://t.co/iB5QEbeIcX pic.twitter.com/GshnUFoIUy
— Bloomberg Markets (@markets) March 13, 2023
NYSE HALT FIRST REPUBLIC FOR ADDITIONAL INFORMATION, LAST AT $28.56.
— FinancialJuice (@financialjuice) March 13, 2023
One reason why First Republic bank looks like its imploding could be because it actually can't benefit from the Fed's new bailout facility.
You need Treasuries and Agency MBS to tap the facility, and they barely own any. pic.twitter.com/XY3927ZPse
— Joseph Wang (@josephwang) March 13, 2023
*WESTERN ALLIANCE SINKS A RECORD 76%; HALTED FOR VOLATILITY https://t.co/RSDu2ankJ3
— zerohedge (@zerohedge) March 13, 2023
$vix flying today pic.twitter.com/ZkFF1Xom8x
— Álvaro Oviedo (@alvoviedo) March 13, 2023
The margin call vibes are starting to kick in
Biden speaking on bailout program and reassuring consumers, numerous bank stocks imploding premarket, 95% of Americans have no idea what SVB or SBNY are. Gl. pic.twitter.com/ijmx8vWr6q
— Don Johnson (@DonMiami3) March 13, 2023
This is incredible:
After the collapse of SVB, Fed futures now show a 23% chance of ZERO rate hikes this month.
The base case is now rates rising to 5.00% while just last week it was 6.00%.
Futures now see 5 rate CUTS by next summer.
Markets think that SVB broke the system. pic.twitter.com/PU2oPde6E7
— The Kobeissi Letter (@KobeissiLetter) March 13, 2023
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