Next (banking) shoe to drop (SIVB -60% today... rising rates not all butterflies and unicorns for financials)?

This is after Silvergate Capital's liquidation announcement yesterday. SVB Financial Group (Silicon Valley Bank) now negative over the past 3 years. Was $755 only 16 months ago. Even before today, this stock had "catastrophe" written all over it.

You won't find what you aren't looking for

Yesterday in my Banking industry comment I wrote:

You never know when the first step in any given direction (up or down) is the first of many or a one-and-done only to reverse.

If you are not specifically looking for and objectively and meaningfully measuring up or down movement - strengthening or weakening - you will not find it.

If you aren't looking for it at more than the stock level - meaning at a sub-industry or industry level - you will not find it. Further, this will mean you will not benefit for current or future holdings from important sub-industry and industry level movement that could positively impact your positioning.

Bad banking industry day 3/9/23 (14th GFC anniversary)

Of 200 banking stocks above a certain price/volume threshold I follow, only one was positive. 18 were down more than 8%. Other than SIVB, why were these stocks in particular impacted so much?

Next banking shoe to drop?

I don't know the answer. Candidates are listed in the report downloadable at the link below. There are more possible candidates today than there were yesterday. Are investors waking up to the possibility that a rising interest rate environment isn't all butterflies and unicorns for banks?