In 2020 and again in 2022, investors had a situation that was staring them straight in the face...and they ignored it. The same thing is happening again with today's regional banking crisis.
We're sorry, but to think that the regional banking crisis will not have an important impact on the availability of credit...and thus on economic growth...is silly.
We're sorry, but you cannot unwind the massive corporate & market leverage that has built up due to "free money" over the past 15 years...with a just mild recession and a run-of-the-mill bear market.