Joel Elconin – Silicon Valley Bank (SIVB) Contagion Fears For The Financial Sector Overshadow The Jobs Data Today; USD, Yields and Markets All Dropping
Joel Elconin, co-Host of The Benzinga PreMarket Prep Show and Editor of The PreMarket Prep website joins us to discuss the Silicon Valley Bank issues brought to light this week. This has caused financial stocks to get hit as contagion fears dominate the markets. We are also seeing the USD and yields pull back as it also has lower Fed rate hike expectations. This news in the financial sector has completely overshadowed the strong jobs data from this morning.