Days Of Thunder & A Conversation With BMO’s Brian Belski
RiskReversal Pod
00:00
You Should Have Been Doing the Bank Stress Test
Vinny: 99% of the pot, forget about whether they knew what was on their balance sheets or not. I would submit that if I walked in the middle of time square and asked 100 people if they have heard of Silicon Valley Bank, 100 of them probably never heard of it. By the way, this was a stock and it's no coincidence that this stock with it was north of $700 in October of 2021. It started to turn lower in the fall into December into the new year when the Fed started to rate. This is not coincidental. And by the way, the performance of that stock vis-a-vis some of its counterparts was not coincidental either.
Play episode from 06:13
Transcript
