Last night in the US we saw a number of regional banks run into issues and have dramatic falls in share price. A range of the largest US banks including JP Morgan, Bank of America and Wells Fargo fell over 5%. Bond yields tumbled (bond prices rose).
This could be the precursor to a deeper banking crisis. We run through the issues and the effect on your portfolios.
In this investment podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, Chief Operating Officer, Shelley George and Senior Financial Adviser, Samuel Kerr discussed this breaking update.
Agenda:
- Background
- Commercial Property
- Banking standards tightening
- Insolvencies are back
- Delayed effect of interest rate rises
- Valuation
- Investment implications
Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
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Samuel Kerr is a Senior Financial Adviser at the MacroBusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Samuel Kerr is an Authorised Representative of Nucleus Advice Pty Limited, Australian Financial Services Licensee 515796. And Nucleus Wealth is a Corporate Authorised Representative of Nucleus Advice Pty Ltd.