Submitted by vwxyzabcdef t3_125x6br in wallstreetbets
mrnotadvice t1_je6yj6n wrote
Easy: the sellers of bank stocks fled to big cap tech. Almost dollar for dollar the selling in banks = 'd the increase in market cap of the FANNG stocks.
Also, the Fed just injected $1 trillion, that money is going to risk assets. BUT - look at 2007. Bear Stearns died in March and then Lehman didnt go until Fall. In the middle some techs rallied. History repeats itself.
Viewing a single comment thread. View all comments