The stock market is on the verge of becoming"untouchable" if the ongoing regional banking crisis spirals out of control, according toThe comments are striking considering that Lee has consistently been one of the most bullish equity strategists on Wall Street,Lee's concern about the potential implications of further bank collapses is centered around the idea that government intervention to contain the crisis often coincides with a complete"risk-off" environment for the...
That worry has grown considerably following the recent collapse of First Republic Bank, which had nearly $230 billion in assets andThat follows the downfall of Silicon Valley Bank and Signature Bank in mid-March, which had combined assets of about $320 billion in assets. Lee's cause for concern about the banking crisis and the chilling effect it could have on the stock market is based on the type of risks that could percolate if the instability continues.
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