Bank stocks bounce back day after wipeout on contagion fears

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Stocks are opening higher on Wall Street as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 1.5% higher and Regional bank stocks bounced back sharply, recovering some of their plunges from a day earlier.

Bank shares in Europe steadied, showing only modest losses. The STOXX Banks index comprising 21 leading European lenders dipped 0.8%, following steep plunges Monday that had some banks down more than 10% in intraday trading.

Worries over a possible spreading of risks throughout financial systems have been countered, however, by hopes that the Fed might slow its interest rate hikes to relieve pressures on markets. In Asian trading Tuesday, Japan’s benchmark Nikkei 225 dropped 2.2% to finish at 27,222.04, extending losses from the day before.Japanese officials have insisted that the impact on the country’s banks from troubles in the U.S. industry would likely be limited. But bank shares plunged.

 

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There are no regional banks. From the moment they nationalized the deposits, all banking became national banking. I don’t even know why individual bank stocks are still trading post nationalization.

So this is what the Omnibus bill rammed through Congress in the wee hours of December was for...

I’m not going to buy back any regional bank stocks I sold yesterday. These are short seller coverings imho

Another pump n dump media source. They are all owned and controlled by the same Globalist cabal

ufotwitter

$DPST 💎 30% 😭

here's a secret: all money is imaginary. if you want things to get medieval simply stop believing and like news organizations cause million and tens of millions of other to stop believing, and shit gets biblical right quick

NY Fed trading desk for the win. 🤑🤑🤑

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