Hello fellow Rebel capitalists hope you're well so breaking news bank stocks are crashing once again

it's a result of a downgrade or a possible downgrade from the Fitch rating agency.

Let's get right into the C and B.

article and think through what's actually happening.

Connect some dots because this could have some huge systemic risks that aren't obvious

when you just first read through the article. So let's get into this here.

C. M. C. M. Fitch warns it may be forced to downgrade dozens of banks over 70 altogether, including

J.P. Morgan. So if you were thinking, oh, well, this is just something

that might be applicable to the regionals

or community banks, George, this is old news.

No, no, no, no, no, no.

This includes the big banks as well key talking points

Fitch ratings cut it assessment of the banking industry's health in June a move

that analyst Chris Wolse said went largely unnoticed because it didn't trigger

downgrades on banks. What they're saying now is they Fitch is saying

although we're not downgrading them today, there's a high probability that we're going to be

downgrading them in the near future. And if you are thinking, well, okay, George, what's the big deal that's

probably already priced into the market no no no no you're not

understanding that if they downgrade the big banks they're going to be downgrading all of the

banks and that's going to move a big portion of them from investment grade down into not investment

grade and that could be a black swan that nobody is thinking about.

We're gonna go into that in just a moment here,

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