First Citizens Buys Silicon Valley Bank Assets -- and Regional Bank Stocks Rally 3/27/23
Squawk on the Street
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The Power of Quantitatively Driven Models
The banks have a strong morning. That's indicative of the belief, perhaps, that we're closer to the end of this mini crisis than we ordered. They should be selling in tech buying back banks, because that was an algo trade. 13.3% of the S&P right now is made up of two companies, Apple and Microsoft. When real investors come back, that will change.
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