Hey everyone, if you like this podcast, go behind the paywall to get privileged access

to the smartest minds and finance.

Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get

10% off our essential membership for the first year.

Join the ReelVision community and learn how to become a better investor.

And now to the top analysis of today's markets.

Will a regional bank carnage create systemic stress?

Hi everyone, welcome to the ReelVision Daily briefing with me today is George

Gancalvez head of US macro strategy at M-U-F-G. Hi George, how are you?

Hi Maggie, I'm great. You know, we're going to have to stop meeting like this because every time

you have the audience, like, there's a crisis, you know, brewing somewhere. So it's so true.

It's so true. And this is one that I know that you've been worried about and we have talked about.

But of course, now we're really seeing things accelerate. We have US regional banks under

severe pressure again. One day after Fed share, Jay Powell reassured everybody that the system was

sound and resilient and tried to sort of downplay any trouble seemingly ignoring what's going on.

Although, you know, we can discuss that. I think he was trying to maybe calm nerves of the general public.

But in any case, it's sort of extraordinary to see what's happening.

Specifically, when you look at things like PAC West and Western Alliance,

we see some of the ugly charts, hopefully, up on the screen. So, you know, what is your assessment?

What's happening here?

So we're, you know, I still think in the early endings of investors trying to discern,

you know, the liquidity haven't had knots. We've seen for the last basically year or so

...