KRE Regionals still not out of the woods.
Checking out a chart of KRE the regional banks have been the epicenter of the latest banking crisis. The FED has responded with BTFP to try and get ahead of the problem of mark to market losses on MBS and treasury holdings, but is it enough? I would have expected confidence in the sector to be somewhat restored and stock prices to have a relief rally. But prices have been stuck in a range as the broader market continues to climb. This is concerning for anyone who thinks this rally has more legs and something I'll be monitoring closely in the coming weeks.
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