.custom-style { | Thursday, March 7

Here's Everything You Need To Know Today

Well, a brand new banking crisis tried to kick off yesterday, but quick-acting from a bunch of different firms has stabilized the situation for now. 

New York Community Bank sent shockwaves through the financial system yesterday by announcing they needed a capital injection to avoid collapse. The stock quickly recovered after hours when former Trump Treasury Secretary Steve Mnuchin swooped in with enough funds to keep the bank afloat. 

Of course, investors still have a lot of questions about commercial real estate and the strength of regional banks--but there's still enough confidence to keep major indexes airborne for now. NYCB sure had a fun sense of timing since we're coming up on the 1-year anniversary of the bank run that crushed Silicon Valley Bank. 

The only thing we need to keep in mind here is how there are still a ton of different pressures that could completely trip up this rally. While the Street is shrugging off this latest crisis--this rally is hot enough that it could readily turn on a dime. We're not calling the top, we're just checking our math very carefully for the foreseeable future. 

Otherwise, the market is more focused on winners and losers than anything as the trading day ramps up. Let's check in on the dynamics powering another mild moment of equilibrium. 

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