Volatile Banking Sentiment Needs to Steady
Bloomberg Businessweek
00:00
ETFs - What Are the Flows Telling Us?
Last week, we saw a lot of flows into XLF, believe it or not. What we've heard anecdotally is people who had deposits at smaller regional banks starting to move their money to some of these larger banks. So it really comes down to investors waking up to the reality that in some cases they don't know they have exposure to some of those companies. And I think more importantly, the net interest margin story is interesting because that's ultimately what was the undoing of Silicon Valley Bank is that interest margins went against them.
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