Bank Have Carried Unrealized Loss: What Regional Bank Weakness Means For Markets

Banks have been carrying unrealized losses for some time, says David McAlvany. He discusses what regional bank weakness means for the market. He talks about how if money moves out of a bank, liquidity is raised by selling assets to meet the depositors' requests and the new bank term funding program is a bank bailout. He notes that the FDIC transferred all deposits of SVB Financial to new 'Bridge Bank.' He then goes over the expectations of a Fed pivot at next week's meeting. Tune in to find out more about the stock market today.