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Philip Murray
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Comments by "Philip Murray" (@PhilipMurray251) on "New Data Emerges Showing Five Banks Up Against a Clock (Banking Crisis 3.0 - Bank Failures)" video.
The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.
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