Any thoughts? on why Dow dropped 665 points today? I know it had a crazy run up in Jan but still ...only 9th time ever it has dropped 600+ points in a single day.

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Rising interest rates & inflation & no more unlimited money printing by central banks. Also S&P has stellar start to the year by almost gaining usual yearly gains in first 30 days following the second longest bull market with the lowest volatility ever - this correction is way way overdue. I think Volatility will stay high for couple of months along with fear & greed index slipping towards extreme fear sometime soon.

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Regardless of the terminology you use, it is generally understood that rising rates increase a banks profitability. Yes, there are other factors that play a role, but all else held constant rising rates will increase a bank’s profitability. I challenge you to find any legit research that says otherwise. Please read article above before responding as this will clear your confusion.

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One can only guess.... and mine would be interest rates.

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Margins on bank revenues are higher than margins on bank expenses. Hence, rising rates are generally considered good for banks.

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Will take that until someone blames fat finger...

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Rising interest rates usually benefit banks and financials.

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ATK1, loans become profitable for the banks.

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🍿

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It declined due to rising interest rates.

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It’s laughable that you use grandiose and offensive assertions to try to prove the merit of your argument. I am not debating the definition of the words merit, revenue, expense. What I am saying is that all else held equal, a banks profitability will increase if rates rise. Your article likely discusses several variables that I am not concerned with, because again, I am saying all else held equal. You seem to be distracted with several tangents that I am not debating.

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Banks pass a smaller portion of rate increases to depositors, hence higher NIM when rates are rising

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Keeping my dry powder ready to be put to work - but will wait until market dives into correction category

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A2 looks like market is in panic mode investing in XIV could be like betting in Vegas

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I've read due to the Fed planning in increase interest rates and some poor earnings reported by some lower earnings reported by the street. But agreed it was substantial this week.

Long run, probably due. A lot of good economic reports leading to an expectation of interest rates rising faster than expected along with a sizable jump in the 10-year today. In general rising rates aren’t good for stocks. Fundamentals are still good so find the right opportunities to buy on the pullback

When goog , aapl that makes billions drops 4% while pure speculative companies like Tesla drops less than that makes you wonder if someone did a massive dump of S&P index funds

^Unlikely. Retail investors are usually late to the party. Today most likely were institutional investors

In that scenario, How are you changing your investment strategy? Too late to buy protection?looking at emerging market?

^I don’t see howz that possible. Why would BOA be happy to pay me higher interest on my savings account or charge me higher interest on a car loan and risk loosing my business

^ You are only looking at revenue side of the equation. where does a bank get money to loan out in first place. Customer deposits and central reserve banks- both of which will charge banks more for their money. Cost goes up too.

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