The recent failure of three U.S. banks has raised concerns over the economy and financial system. The situation is still evolving, and there is plenty of speculation about what might come next. One recent development is that government officials from the Treasury, Federal Reserve, and FDIC have announced that depositors will be made whole in an effort to backstop the system and restore confidence. This crisis has already created hardship for many companies and individuals as payrolls are disrupted and access to cash is halted. However, when it comes to investing, it's more important than ever to stay levelheaded and focus on the big picture. What should long-term investors know about these bank failures, and what do they reveal about the financial system?
We discuss in this episode of The Wealth Effect Podcast:
📉 Financial Sector Performance
📊 Bank Unrealized Investment Losses
📈 FDIC Bank Failures
Show Notes
Matt Faubion, CFP®
Founder - Wealth Manager
Faubion Wealth Management
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