A Critical Stock Market Risk Is Back - Deteriorating Trust In The U.S. Banking System
Four weeks ago, it looked like a new bull stock market was emerging. Then came the revelations that a couple of large banks were suffering depositor runs. To prevent a spread of doubt and fear throughout the banking system, the Federal Reserve and FDIC decided to insure all deposits for both banks. With fingers crossed, they suggested the problem was solved.
Last week, the stock market see-sawed between "it's all good" and "oh, oh!" So, what's it going to be? …