Another one bites the dust. First Republic Bank is the latest casualty of the Fed’s aggressive rate hikes and, after a slight short squeeze to prevent bears from getting too greedy on Monday, the rest of the banking sector has sold off rapidly today. If you thought this party was over,
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Notes before 1987 vs. 2023
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Another one bites the dust. First Republic Bank is the latest casualty of the Fed’s aggressive rate hikes and, after a slight short squeeze to prevent bears from getting too greedy on Monday, the rest of the banking sector has sold off rapidly today. If you thought this party was over,