Seems like we learned today of the immediate casualties of SVB, pretty sure this is just the opening salvo.
Thing is, the Fed could be creating a similar problem for banks on the short side don’t you think? Worse for the shorts as this move has been hard and fast.
Mr. Copper – let’s hope we see $2200 – 2300 this year soon. At minimum we should get a 30-40% up move.