[00:00:00] Rolling, everyone. Happy Friday. Darren here at Levi from financial, banking sector and . Everything’s under pressure. Again, Euro stocks down 2.3%. The s and p, that’s about 0.8%, and the Euro bank index is down 5%. , Basically, this all started yesterday when the director of credit strategy at Moody’s warned that officials will be unable to curtail the current turmoil without potentially severe repercussions with and beyond the banking sector.
That’s not very good. , yeah, basically don’t look under the. As I mentioned a couple of days ago, there are a lot of people that have, , various, are not marking their positions to market, be it banks, or other, , houses that, , do stuff with your
[00:01:00] money. , and yeah, they don’t wanna do that because then that will definitely tip things over.
Every, the market is all about perception, what might be viewed as safe, and, and that’s fine. One day can be an absolute,, perent following day and officials are trying their best to calm nerves. But that is tough. And as I said, if people start looking under the head, that could be a problem. Anyway, today we have, , billard speaking, durable goods and flash PMI service.
here’s a chart of the US version of the banking index. And as you can see, that’s not good. If you have, , to keep an eye on a ticker over the next few days, keep an eye on that K W B ET F, , banking index. That should give you an idea of, , where things are going. And just keep an eye out for headlines.
So, other than that, everyone, good luck trading and have a wonderful weekend.
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