Insights

S&P 500 goes negative YTD; almost entire regional bank stocks halted due to volatility

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Bitcoin extends its gain up 35% YTD, while S&P has gone into negative territory -0.19%.
Both Nasdaq and TLT are up over 7% YTD.
Chaos in bank stocks as some are halted for volatility.
Western Aliance sank a record 76% and halted for volatility.
KBW index falls 4% to its lowest since November 2020.
First Republic Bank sinks by a record 67% at the open.
Charles Schwab (SCHW) halted for volatility, dropping 41% to the lowest on record.

Bank Share Prices: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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