InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,260.12
(
0.27%
)
Post# of 647878
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

LexTrader

Send PM Follow Ignore
Followers 241
Posts 21215
Boards Moderated 0
Alias Born 08/10/2000

LexTrader

Member Level

Re: None

Thursday, 03/09/2023 12:54:30 PM

Thursday, March 09, 2023 12:54:30 PM

Post# of 647878
Many stock sell offs yesterday may have been due to SIBV liquidating their equity portfolio:
"Additionally, earlier today, SVB completed the sale of substantially all of its available for sale securities portfolio. SVB sold approximately $21 billion of securities, which will result in an after tax loss of approximately $1.8 billion in the first quarter of 2023".
https://www.otcmarkets.com/filing/html?id=16476912&guid=Xv4-kp4gOAsgdth
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up