Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses

The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the weekend, a Bloomberg article noted US authorities discuss expanding emergency lending facilities to stave this off. Over the weekend, in multiple casual conversations with friends and acquaintances, so many told us they believe this is the GFC all over again. So the public is clearly rattled by the high profile bank failures and the dramatic...

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