Biden Gets Slammed For Being Biden

When you’re the richest man on the planet, you’re “uncancellable.”

In fact, you can say the type of things that are on everyone’s mind but are too scared to do so because some people fear their woke employer will fire them.

Source: Twitter

Thank you, Elon!

And thank you, Fast Money Alert, for recommending Tesla back in January and for those call options that went up by more than 300%.

This week, we discovered “Crazy Joe” likes babies better than people — his words…not ours.

“Slow Joe” is turning a very manageable situation with the banks into a full-blown crisis.

And the repercussions could be felt by Americans across the country. The recent uncertainty surrounding First Republic Bank (FRC) is causing panic, with fears of a contagion forcing investors to worry about their retirement and financial future.

Our team of experts has cracked the code on what to focus on this week regarding the banks.

Buckle up, because we’ll also be sharing some of their top plays.

Dilute…Dilute…Dilute

The best-case scenario for First Republic Bank (FRC) involves enormous dilution, which will devastate current holders.

JPMorgan Chase (JPM) CEO Jamie Dimon is scheduled to meet with the head of Biden’s economic council during his trip to D.C. Dimon has also spoken with other bank executives about strategies to stabilize First Republic Bank.

Mark Skousen and Jim Woods added JPM to their Fast Money Alert portfolio, believing it will be one the fastest bank stocks to recover.

The Silicon Valley Bank (SIVB) sale process is also causing concern. With the sale process moving slowly, the company may have to be sold off in pieces. This is bad news for the bank’s customers and employees, who may see their services and jobs disappear. Thanks, Biden.

Bob Carlson told his Retirement Watch subscribers last Thursday that he believes the banking problems will likely reduce economic growth. Many banks will lend less than they would have due to liquidity concerns and satisfying depositor withdrawals.  

Will The Government Mess Things Up More?

Congressional hearings on bank failures are scheduled for this week, with the first hearing taking place on Tuesday. While some bipartisan support exists for enhancing deposit insurance, fresh bank regulations are not receiving the same level of support.

The White House is exploring the idea of expanding deposit insurance without congressional approval, but it remains to be seen whether this will actually happen.

The more they stall…the more people lose confidence and faith in the banking system.

Meanwhile, the upcoming bank Q1 earnings are slated to kick off on April 14. Investors will closely watch deposit figures and net investment incomes guidances from the non-Global Systemically Important Banks (GSIBs).

The last thing we need is for the banks to post results worse than expected. But we’ve also noticed many investors have rotated out of banks and back into tech.

META, NVDA, MSFT and GOOG have posted double-digit-percentage returns over the last month.

This bodes well for Mark Skousen’s TNT Trader portfolio, which holds positions in both MSFT and GOOG.

Will The Fed Drop The Ball Again?

The Fed was late in identifying inflation…they can’t afford to get this wrong with the banks.

The Fed’s analysis of the Silicon Valley Bank failure is due by May 1, and the central bank has come under fire for handling the situation. In fact, a bipartisan bill was introduced last week to create a new inspector general position for the Fed, which would be appointed by the President and confirmed by the Senate.

Of course, the proposal’s co-sponsor was Sen. Elizabeth Warren, who is full of ideas… mainly awful ones.

The bank stress test results will be published at the end of Q2, adding potentially more drama into the mix.

The next few months will be crucial for the banking sector and the economy. While the Fed has been wrong many times over the last 12 months, they can’t do it with this.

There’s just too much on the line. Contagion has already spread to Europe, with Credit Suisse being the latest victim…we can’t let this get any worse.

The Best Bet Is Always On Yourself

Betting on the government to make the right economic decisions is a bad bet. We’re in this mess because of them.

And if you want to prosper and secure your financial well-being… you’ll have to bet on yourself.

But you’ve got help.

Discover one of the most powerful trading strategies for making quick and meaningful profits — today at 11 AM ET.

Join Ahren Stephens & Hugh Grossman in The Power Scalping Workshop.

If you struggle with:

• Trading timing (buying at the wrong time and selling at horrible prices)
• Trying to build a small account
• Are lacking all day to trade and want a part-time strategy that delivers “full-time” results.
• Managing your emotions and controlling your risk

Then attending today’s workshop can be the game-changer you need.

It’s 100% live and interactive. That means you’ll be able to see how this strategy works in real live market conditions. In addition, you’ll learn how these pros use this strategy to build a small account.

Plus, they can answer your questions directly during the live training.

You need to develop a skill like the one you’ll discover today to feel safe and secure even during these uncertain times.

It all goes down today at 11 a.m. ET…Click here to RSVP.

In Case You Missed It…

The Deep Woods by Jim Woods

ETF Talk by Jim Woods

Investor Cafe by Mark Skousen