Post by
mouserman on Mar 12, 2023 1:04pm
Big 4 canadian lifecos getting dumped hard
So after a couple of months of pure upward trajectory, the profit-taking has commenced. It was brought on the by SVB and Silvergate Capital failures. I know some financial and banks have exposure to these, but i DO NOT believe the lifecos get involved in risky venture capital or the crypto space.
SO i expect this round of selling down, will eventually subside on the lifecos in particular as their exposure to mortgage problems, and credit card debt, along with these tech bank faliures is minimal compared to the banks.
Wait about a week for this revelation to hit home.