Why Russell Index the most Reflective for Bank Run Crisis?Russell represents the true economy of United States.
There are 2,000 medium size companies with each value between $300m to $2b. The index includes a diverse range of companies from various sectors, including financials, healthcare, consumer goods, industrials, and technology. In my opinion Russell represents the true economy of united states.
If the bank run crisis deepens, it is possible that 2,000 companies will not hold up well. The reasons for this are stated in the video. This could affect the other major indices, with the Russell 2000 potentially leading the pack. The Russell 2000 is considered more reflective of the US economy compared to the other major indices with big names like Apple, Amazon, and Microsoft.
E-mini Russell 2000 Index Futures & Option
Outright:
0.10 index points = $5.00
Micro E-mini Russell 2000 Index Futures
Outright:
0.10 index points = $0.50
Micro E-mini S&P 500 Index Futures & Option
Outright:
0.25 index points = $1.25
Micro E-mini Nasdaq Index Futures & Option
Outright:
0.25 index points = $0.50
Micro E-mini Dow Jones Industrial Average Index Futures
Outright:
1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Silvergate
Crypto hammered as Silvergate bank issues worry tradersWorries around Silvergate Bank have set off a mini plunge today.
Crypto has seen a worrying Asian session so far, with most coins seeing heavy selling as traders look to take cover as the Sivergate Bank issue continues. The Banks share price lost 50% yesterday, and reports say most major players will suspend automated clearing with other business operations with the bank. Kaken is the only major exchange that looks to be continuing operations with the bank.
Silvergate has seen most of its crypto industry clients leave a day after it announced it would have to review its books with auditors and warned of headwinds. They announced Wednesday they would be delaying their annual 10-K to answer questions from independent auditors and its accounting firm, as well as "regulatory and other inquiries and investigations that are pending." The bank warned in a forward-looking statement that it faced possible inquiries from bank regulators and the U.S. Department of Justice and its ability to "continue as a going concern", which may be affected over the next year.
This is driving fear today, and we will continue monitoring as the updates come out. Let's hope it won't become another contagion, as seen in 2022.
