To The Moon

Good Sunday, what to post for my first time? Just simply wish you have an enjoyable weekend or have a good rest. Wish you all the best next week. Market continues to be volatile and less profitable this year. So guys, trade prudently and and have a blast year when the situation gets better maybe at second half of the year yay!

This week: bank stock panic, SVB, support disrespect, tech sector trouble, real yields, commercial real estate risks, valuation extremes, and global bank stock technicals...$S&P 500(.SPX)$ $SVB Financial Group(SIVB)$ 1. Banks RunoverAt the risk of stating the obvious, the biggest development last week was the crash in regional bank stocks as Silicon Valley Bank went belly up. It is a story of both idiosyncratic risk (overexposure to one sector, poor risk management, repetition of past banking industry mistakes) and a sign and symptom of the wider macro cycle (inflation, monetary tightening, economic slowdown). On the latter aspect I regard this in the same light as the failure of FTX — in the wake of