Now might be the time to take advantage of bank stocks

But there’s an upside to this upheaval: Glum investor sentiment is reflecting the current bout of stock market turbulence, and that may be good news for anyone looking to take advantage of beaten-up stocks.

Though the failure of SVB was initially seen as the result of bad bets on interest rates by one bank that specialized in lending to the tech startup ecosystem, additional turbulence in the sector has left investors wondering if others are at risk. “At the moment, it doesn’t look like we are in a 2008 scenario,” he said, referring to the start of the Great Financial Crisis. “But that doesn’t mean that all of these problems are just going to blow over.”

The sentiment survey showed that net bullishness – or the percentage of bullish respondents minus the bearish ones – stands at about negative 29 per cent, which is at the low end of the historical range and offers a contrarian case for stocks.

soon....but not yet...

But low, sell high.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks sink after Credit Suisse takeoverGlobal stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a U.S. Federal Reserve meeting to decide on more possible interest rate hikes. BRICS Nations are responding to the proxy war in Ukraine. As China cashes in their American bonds, Banks will continue to crash until the west is forced into the central bank digital currency That’s why you don’t invest in Russia and China 😉
Source: CTVNews - 🏆 1. / 99 Read more »