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Chris Whalen on Big Bank Earnings and the Return of Credit Risk

Forward Guidance

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The Volatility of the Market

I thought that the problem was precisely that there was too much duration in the market because the market took too much. So much duration risk when interest rates were so low, you know, if Silicon Valley bank, they owned over 80 billion,. I think over 100 billion, but let's just say over 80 billion in in Gini May securities. If the Fed had dumped all those Gini May, they would be trading even lower. The bid for a risk-free US currency assets is still off the scale. That's what the fit should be a seller. Be a seller opportunistically. Get this stuff out of it. And I think that would help a lot of the volatility we saw

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