It’s still ugly out there in bank-land.
While regulators are deciding what to do about Silicon Valley Bank’s assets…
Another bank stock has been cut in half.
First Republic Bank’s (FRC) equity is having a rough one (forget today’s fake 29% rally).
And if you’ve been keeping up…
You know the issues with U.S. banks have spilled over into Europe.
Contagion Spreads to Europe
Credit Suisse is down over 50%, and why am I not surprised?
It was staffed with major dopes who couldn’t manage risk if their lives depended on it.
Today, it’s become the market’s punching bag.
It was valued at over $20 billion last year…
But the Swiss Investment bank UBS bought it for $3 billion.
That’s $17 billion Gone in a Flash
It’s not just Credit Suisse.
Silicon Valley Bank lost $33 billion in barely two months.
Signature Bank lost about $17 billion in one month.
And if my analysis is correct, more will follow in the months ahead.
What does this mean for your cash?
As I’ll show you during my free strategy session at 7 pm ET tomorrow…
This goes beyond the banking system.
It’s a market anomaly set to erase $20 trillion over the next 12 months.
Those unprepared will suffer painful losses, but if you follow the critical steps I’ll share tomorrow night, you can protect your cash and profit.