Sara Eisen -- CNBC -- March 10, 2023

A "crisis" gives folks a chance to jump to the head of the pack.

In the SVB fiasco today, the individual that is really, really shining: Sara Eisen. 

Good for her. 

She gets it. 

She knows how bad this is going to get.

While "everyone" else is still asking whether this is a "one-off" and whether JPow has to pivot, she has already answered that question:

• this is not a one-off; and,
• a rate increase of 50 basis points in March, 2023, is now off the table.

This is not a one-off: already several other regional banks are showing huge losses in their share prices, and, worse, there are indications that folks are going to their bank today -- a Friday, by the way -- to pull their money out of their savings accounts and put it into CDs or Treasuries.

See this post.  

********************
Will This Bank Failure Affect Rivian's Offer?

Rivian's offering:

• $1.3 billion
• 4.625%
• will settle March 10, 2023
• due 2029