Regional Bank Stocks, the Road Ahead for Venture Capital, and February CPI 03/14/23
Regional banks have gotten hammered in the wake of SVB and growing investor concerns over viability and balance sheets, but they're catching a bid this morning. Financial Times' Arash Massoudi and KBW's RJ Grant explain the latest developments. Plus, the ripple effects of the SVB collapse are hitting VC-backed companies as founders race to withdraw cash in time to make payroll. MSA Capital's Ben Harburg breaks down what he's seeing. And, investors are gearing up for the February CPI report today, which is expected to show inflation remaining high but down slightly from January's read. New Street Advisors Group's Delano Saporu, Potomac Wealth Advisors' Mark Avallone, Wells Fargo's Sarah House, and Main Street Asset Management's Erin Gibbs discuss the outlook.
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