Contradictory Statements on the Health of the Banking Sector
@Kon How:
Janet Yellen and Jerome Powell gave seemingly contradictory statements on the health of the banking sector.Jerome Powell said in the central bank’s post-meeting press conference that:“all depositors’ savings are safe.”Janet Yellen testified Wednesday before a Congressional committee that she:“wasn’t considering a guarantee of all deposits.”“It kind of reeks of a lack of leadership from the people we need leadership from,” says Matthew Tuttle, CEO and CIO of Tuttle Capital Management. “They’ve got to get their story straight.”Expect more volatility ahead. $SVB Financial Group(SIVBQ)$ Follow me to learn more about analysis!!