Yesterday, Fed Chair Jerome Powell said he isn’t concerned about regional banks creating systemic risks in the sector.
I couldn’t disagree more.
Rising interest rates have already triggered 3 of the 4 largest bank failures in U.S. history…
And the banks that remain are sitting on $2.2 trillion in unrealized losses.
This is a huge threat that could hit your bank sooner than you think…
But it’s also an incredible opportunity.
In this episode of WSU Premium, I reveal data that suggests Powell is dead wrong… a simple way to protect yourself in a crisis… and a stock that’s likely to benefit from the coming carnage.
Join today for immediate access to the full episode… and our urgent stock recommendation.
Daniel and I also debate whether Powell signaled a pause to the rate hikes… and whether oil will continue its downtrend as recession fears mount. Plus, I rant about Biden’s awful handling of our nation’s oil reserves.
Finally, we highlight several risks the market currently faces—from the Russia-Ukraine war to global “de-dollarization”—and the best way to protect your portfolio.