Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (192468)	8/8/2023 12:59:35 PM
From: Winfastorlose	4 Recommendations Recommended By isopatch Mick Mørmøny roguedolphin toccodolce Read Replies (1) \| Respond to of 207524

given the fact that Moodys just downgraded the debt of several important regional banks and says they may downgrade a few of the majors as well, the bank rally may be over for now. investing.com the banking sector will be in the spotlight after Moody's cut the ratings of 10 smaller banks by one notch and placed six banking giants, including Bank of New York Mellon (NYSE: BK), US Bancorp (NYSE: USB State Street (NYSE: STT) and Truist Financial (NYSE: TFC), on review for potential downgrades. The KBW Bank index was down 3.7%.