The stock market could become 'untouchable' if the bank crisis spirals

The stock market is on the verge of becoming"untouchable" if the ongoing regional banking crisis spirals out of control, according toThe comments are striking considering that Lee has consistently been one of the most bullish equity strategists on Wall Street,Lee's concern about the potential implications of further bank collapses is centered around the idea that government intervention to contain the crisis often coincides with a complete"risk-off" environment for the...

That worry has grown considerably following the recent collapse of First Republic Bank, which had nearly $230 billion in assets andThat follows the downfall of Silicon Valley Bank and Signature Bank in mid-March, which had combined assets of about $320 billion in assets. Lee's cause for concern about the banking crisis and the chilling effect it could have on the stock market is based on the type of risks that could percolate if the instability continues.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'You just need a partner': Times Square billboard unlocks network of kidney donors for NY man“It is so easy,' said Marc Weiner. 'You just need a partner. You need somebody who's going to do it on your behalf.'
Source: USATODAY - 🏆 100. / 63 Read more »

Knicks need regular-season version of Immanuel Quickley to reemergeThe engine to the Knicks’ second unit — Sixth Man of the Year runner-up Immanuel Quickley — has been stuck in neutral.
Source: nypost - 🏆 91. / 67 Read more »

Cy-Fair ISD graduations: Everything you need to know including how to get ticketsCy-Fair ISD will hold graduation ceremonies for the class of 2023 this month. Find out...
Source: HoustonChron - 🏆 609. / 51 Read more »

Former Facebook CTO Mike Schroepfer launches climate investment firm: 'We need business' to solve climate changeFormer Facebook CTO Mike Schroepfer launches climate investment firm, Gigascale Capital, with climate investors Victoria Beasley and Evaline Tsai.
Source: CNBC - 🏆 12. / 72 Read more »

Scaling a Startup: What You Need to Know | HackerNoonBrian Bourque gives advice on scaling a startup. - startup startups
Source: hackernoon - 🏆 532. / 51 Read more »

Harriette Cole: How long before I need to have this talk with my kid?I know I can’t keep the adoption a secret forever.
Source: mercnews - 🏆 88. / 68 Read more »