Silicon Valley Bank: A Canary Appears

The FDIC closed and seized Silicon Valley Bank today. After the live broadcast, only certain segments will be available.

  • What happened? How did this happen? Is it likely to happen to others? Does it matter?

  • Peace and calm has been shelved for the time being, and now a re-examination of portfolio construction is certainly warranted.

  • Even monthly employment figures (Non-farm payrolls) were almost irrelevant

Stocks for show, bonds for dough, indeed. At times, I will be speaking in Bondelero-ese, my native tongue, but I will do my very best to speak to those that aren’t fluent.

No Medicare & politics talk, that would take 10 hours.