Pretty Covenient on FED Decision Day
Not necessarily saying we will get a Preemptive Rate cut but if the FED was so inclined how convenient that Community Bank in NY blows up? Round two of bank failures. It may not be today but soon, big and frequent rate cuts are coming.
CM – would you please add a link to the Community Bank story if you have one – thx
No article heard on radio. Took a hit on commercial real estate portfolio, cut the dividend and stock down sharply.