Ok
BKS has lost about one-third of its value, but the banking system is OK
@Callum_Thomas：
The KBW Bank Stock Index$KBW Bank Index(BKX)$ has lost about one-third of its value in the last five weeks. 30% has evaporated in the last nine trading days. If the banking system is "strong" and we are getting past this, someone should tell bank stock investors.But, in fact, the banking system is OK, but bank stocks took the L as the previous regulatory bargain was changed (depositors get saved, stockholders get shaved) Rotation is the big theme with sectors and assets playing pass-the-parcel on weakness as the monetary tides go out (aka a series of mini crashes and crises on the way down to match the series of mini bubbles that blew on the way up) https://twitter.com/Callum_Thomas/status/1637182976692830214
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