Powell's Wrong About Banking Sector 'Soundness'

Dave Kranzler
MBA, Market Analyst & Author @ The Mining Stock Journal
May 4, 2023

 

Yesterday the Federal Reserve raised interest rates another 25 basis points, while Fed chairman Jerome Powell talked about the soundness and stability of the banking sector.

Of course the only problem with that proclamation is that the banking instability continued shortly after his press conference, with Pacwest Bancorp down over 50% today, while many of the other regional banks have also sold off sharply.

So in today's report with Dave Kranzler of Investment Research Dynamics Dave talks about 2 potential triggers that will negatively impact the stock market, and provide a boost to the precious metals markets. He digs into JP Morgan's recent deal with First Republic Bank, comments on the upcoming debt ceiling negotiations, and also talks about the recent changes to the Mexican mining laws.

To find out more, click to watch this video now!

Arcadia Economics

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Dave Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for a large bank. He has an MBA from the University of Chicago, with a concentration in accounting and finance. He currently co-manages a precious metals and mining stock investment fund in Denver. My goal is to help people understand and analyze what is really going on in our financial system and economy. Dave publishes the The Mining Stock Journal a bi-weekly subscription newsletter that features junior mining ideas as well as relative value ideas in large cap mining stocks.

 

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