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US equities finish at the highs of the day as fear quickly turns to FOMO. April goes green

Here's how the week played out.It started with worries about First Republic Bank and that ultimately led to a death spiral of the company as it reported much larger deposit outflows than anticipated. Shares hit $16 on Monday and are finishing the week around $3.50 with an FDIC takeover looming.So what changed even as sentiment worsened? Mainly, the pain at FRC didn't spread to other regional banks and that's a case I made early in the week. The problem was that dip buyers didn't want to wade in... Read More

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Equities

Finish

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Fear

Quickly

Turns

Fomo

April

Goes

Forex

Posted: Apr 28 2023, 20:07

Author Name: forexlive

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