FTXO News and Press, First Trust Nasdaq Bank ETF From 03/15/23

2023-03-15 16:32:01 ET Summary SI, SIVB, and SBNY have failed over the last week. Some other banks are struggling. Bank stocks have been sold off indiscriminately. Some banks could benefit from the current environment in the long run. Thanks to low valuations, they seem attrac...

2023-03-15 11:30:00 ET Summary All over the world, people are moving cash out of low-yielding bank accounts and into higher-yielding deposits. Shareholder equity and retained earnings (tier-one capital) are the primary funding source for banks. Losses in the sector manifest in...

2023-03-14 09:35:09 ET Summary The rapid rise in interest rates has been cheered on with little thought given to the consequences. The stress on a number of smaller US banks at the moment is the outcome of 13 years of loose monetary policy, followed by an extremely rapid tightenin...

2023-03-14 09:05:00 ET Summary The collapse of Silicon Valley Bank has raised concerns about the vulnerabilities in the US financial system. While SVB is not Lehman Brothers and its collapse is not likely to trigger a financial crisis, it has highlighted some vulnerabilities that ...

2023-03-14 07:50:06 ET Summary Unlike the 2008 financial crisis which was mostly a credit event, the 2023 problems are mainly a duration/liquidity problem. There are parallels to the 2019 repo rate spike. The Fed is likely getting close to the bottom of their QT and bank reser...

2023-03-14 05:20:00 ET Summary One sensible thing might be to simply agree that no one knows and therefore let's be elsewhere. Another is to try and understand the basic problem here, the base economic background. With that we might be able to find out who is oversold and who ...

2023-03-13 15:35:00 ET Summary One of the themes I’ve been discussing lately is how inflation risk has been evolving into credit risk. The banking bust we’re seeing now was sown during COVID. The COVID boom was the inevitable blow off top of the prior 10-year bull ma...

2023-03-13 11:58:00 ET Summary SIVB had a very concentrated deposit base, which made it particularly prone to a deposit run due to the correlated nature of the demand for liquidity among its key clients. Also, the bank’s asset management in response to higher interest rate was ...

2023-03-13 08:10:29 ET Summary This past week was the most dramatic week in banking since the Great Financial Crisis. The Crypto space needs a robust regulatory framework. Moral hazard is as relevant as ever and needs to be taken into serious consideration by the US Government...

2023-03-10 09:00:00 ET Summary As we have outlined over the last year, the larger banks are not as strong as we are led to believe. There are many other issues that have yet to come to light regarding various banks. You need to do your due diligence regarding where you house y...