The findings are based on sentiment towards NASDAQ 100 and S&P 500.
In the US, bank stock prices tumbled on Monday but rebounded the following day.
On Monday, retail trades in
securitized derivatives almost doubled against their daily average despite the
uncertainty and concern that trailed financial markets following the collapse
of Silicon Valley Bank (SVB). On Friday, when SVB finally collapsed, retail investors “remained
calm, not reacting strongly to the news,” Spectrum Markets said.
Spectrum Market in its latest
data on the Spectrum European Retail Investor Index (SERIX), which measures
retail investor sentiments using the trading venue’s pan-European trading
data, noted that retail trade volumes jumped to the highest in the last six
months without impacting overall sentiment.
“Last week’s average SERIX
sentiment for both the NASDAQ 100 and the S&P 500 increased compared to the
previous week, shifting from 100 to 101 and from 97 to 108 respectively, with
both indexes crossing the 100 threshold to enter the bullish area,” the
securitized derivatives exchange operator explained.
On Monday, SERIX sentiment maintained its stability as the NASDAQ 100 and S&P 500 indexes declined
only slightly to 92 and 98, respectively. “As such, retail investors do
not seem to believe that we are on the verge of a new Lehman, trusting the
reassurances coming from the US government and the Federal Reserve,” Spectrum
Markets explained.
US Bank Share Prices Tumble but Later Rebound
On the contrary, the stock
prices of US banks tumbled on Monday, suggesting heavy sell-offs among investors and
traders. Regional lender, First Republic Bank saw the highest decline with its
share slumping by over 60% to $28 a share during trading hours. Another bank,
Western Alliance Bancorp also saw its shares plunge by 64% to $18 a
share.
However, things improved the
following day as investors began to shake off the fear of contagion from SVB. For instance, First Republic
Bank and Western Alliance Bancorp share prices shot up 28% and 14% to $40
and $30 a share, respectively.
Last Friday, SVB burst in what has been described as the largest bank failure
in the United States since the 2008 financial crisis. Before that,
crypto-friendly Silvergate Bank wound down its operations and voluntarily liquidated its assets. Furthermore, Signature
Bank later shut down, becoming the third US bank to fail in the span of
four days.
On Monday, retail trades in
securitized derivatives almost doubled against their daily average despite the
uncertainty and concern that trailed financial markets following the collapse
of Silicon Valley Bank (SVB). On Friday, when SVB finally collapsed, retail investors “remained
calm, not reacting strongly to the news,” Spectrum Markets said.
Spectrum Market in its latest
data on the Spectrum European Retail Investor Index (SERIX), which measures
retail investor sentiments using the trading venue’s pan-European trading
data, noted that retail trade volumes jumped to the highest in the last six
months without impacting overall sentiment.
“Last week’s average SERIX
sentiment for both the NASDAQ 100 and the S&P 500 increased compared to the
previous week, shifting from 100 to 101 and from 97 to 108 respectively, with
both indexes crossing the 100 threshold to enter the bullish area,” the
securitized derivatives exchange operator explained.
On Monday, SERIX sentiment maintained its stability as the NASDAQ 100 and S&P 500 indexes declined
only slightly to 92 and 98, respectively. “As such, retail investors do
not seem to believe that we are on the verge of a new Lehman, trusting the
reassurances coming from the US government and the Federal Reserve,” Spectrum
Markets explained.
US Bank Share Prices Tumble but Later Rebound
On the contrary, the stock
prices of US banks tumbled on Monday, suggesting heavy sell-offs among investors and
traders. Regional lender, First Republic Bank saw the highest decline with its
share slumping by over 60% to $28 a share during trading hours. Another bank,
Western Alliance Bancorp also saw its shares plunge by 64% to $18 a
share.
However, things improved the
following day as investors began to shake off the fear of contagion from SVB. For instance, First Republic
Bank and Western Alliance Bancorp share prices shot up 28% and 14% to $40
and $30 a share, respectively.
Last Friday, SVB burst in what has been described as the largest bank failure
in the United States since the 2008 financial crisis. Before that,
crypto-friendly Silvergate Bank wound down its operations and voluntarily liquidated its assets. Furthermore, Signature
Bank later shut down, becoming the third US bank to fail in the span of
four days.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Republic First Bank Failure to Cost $667 Million, Estimates FDIC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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