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Bank stability remains precarious as most banks are not very solvent if all their assets are accounted for at fair market value.
The article evaluates the SPDR S&P Regional Banking ETF as an investment option at its current market price. The regional banking sector has become more volatile, with commercial real estate proving to be a major thorn in its side. I view the underlying sector as too risky and urge caution with regional bank exposure.
Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.
Sheila Bair, Former FDIC Chair, joins 'Fast Money' to talk the state of regional banks, the impact of Commercial real estate on the banking sector and more.
Frank Cappelleri, CappThesis founder and president, joins 'Money Movers' to discuss his thoughts on the overall equity market, Cappelleri's thoughts on the attempted comeback from the real estate sector, and more.
Carter Worth, Worth Charting, joins the 'Fast Money' traders to discuss why he's switching from insurers to big banks.
Looking for broad exposure to the Financials - Regional Banks segment of the equity market? You should consider the SPDR S&P Regional Banking ETF (KRE), a passively managed exchange traded fund launched on 06/19/2006.
SPDR® S&P Regional Banking ETF is a Sell for me, as I see little evidence that the banking woes of 2023 are past us. Same for those of 2008! The KRE ETF's "modified equal weighting" system still leads to a top-heavy mix of banks whose stock prices correlate at the worst time, when there's a crisis. I see KRE as a "rental position only" and not a long-term consideration for my ETF portfolio.
Bloomberg published an article on March 11 about the GraniteShares 2x Long NVDA Daily ETF (NASDAQ: NVDL ). Without further reading, I immediately thought this was one of the exchange traded funds (ETFs) to avoid as the S&P 500 hits all-time highs.
As if SVB Financial wasn't enough of a lesson for do-it-yourself investors that bank stocks are a terrible idea, the New York Community Bancorp (NYSE: NYCB ) debacle is a second reminder in the past year that all but the savviest investors avoid bank stocks. Unlike most stocks, banks have a completely different set of financial statements from non-financial companies.