Reply To: Traders Market Weekly: FTX, Silvergate and SVB. A Pattern of Tech & ESG Irrational Exuberance


The S&P 500 financial sector (-1.8%) was among the worst performers for the 11 sectors, but its losses were limited somewhat by gains in Dow component JPMorgan Chase (JPM 133.65, +3.31, +2.5%), which is viewed as a financial fortress that stands to benefit from the fallout at SVB Financial.

Meanwhile, the defensive-oriented consumer staples (-0.5%) and health care (-0.7%) sectors closed with the slimmest losses.

The CBOE Volatility Index flirted with 29.00 today before settling up 9.7% at 24.80. For the week, the CBOE Volatility Index increased 34.1%.