To The Moon

🇺🇸 regulators are trying to clinch a sale of $First Republic Bank(FRC)$ over the weekend, with roughly half a dozen banks bidding. ⭐️ Citizens Financial Group Inc, PNC Financial Services Group & JPMorgan Chase & Co are among bidders vying for FRC in an auction process being run by the Federal Deposit Insurance Corp (FDIC), Reuters reported. ⭐️ US Bancorp was also among banks the FDIC had asked to submit a bid, according to Bloomberg. ⭐️ The bidders were asked to give non-binding offers by Friday & were studying FRC’s books over the weekend. 🚨 A deal is expected to be announced before Asian markets open on 1/5, with the regulator likely to say at the same time that it had seized the lender. 🤔💭 How Will FRC Sale Affect The Market During The 1st Week of May❓ (1) As the deal for FRC came less then 2 months after Silicon Valley Bank & Signature Bank failed amid a deposit flight from 🇺🇸 lenders, forcing the Fed to step in with emergency measures to stabilise markets, investors will be jittery. I expect VIX to climb on Mon👎 (2) While markets have since calmed, a deal for FRC would be closely watched for the amount of support the government has to provide. ⭐️ The FDIC officially insures deposits up to $250,000. But fearing further bank runs, regulators took the exceptional step of insuring all deposits at for the 2🏦🏦 that collapsed earlier. ⭐️ It remains to be seen whether regulators would do the same for FRC as well. They would need approval by the Treasury secretary, the president & super-majorities of the boards of the Fed & the FDIC. 🚨 A low price sale would increase investor fear that the economy isn’t doing well & lead to a sell-off. 🚨 If the FDIC doesn’t insure all deposits at FRC, another bank run🏦🏃‍♀️🏃‍♂️ might occur, destabilising 🏦 stocks $JPMorgan Chase(JPM)$ $Bank of America(BAC)$ $Western Alliance(WAL)$ $Coinbase Global, Inc.(COIN)$ causing volatility in the market🎢📉📈🎢 However, gold & crypto might benefit. 🚨 The 1st week of May is a major earnings week. The 👎📰 from FRC May overshadow positive earnings results & heightened negative earnings results. Fellow 🐯🐯🐯 do watch the 🗞🗞🗞 & market closely👀 & react accordingly💪💪💪Follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way😉 & for the Latest Stock & 🗞🗞🗞 Updates🕵🏻‍♀️❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @Daily_Discussion