Usually when there is a widespread failure in the banking industry, it is due to many institutions doing the same thing, and often doing too much of it. The recent failures of Silicon Valley Bank and Signature Bank can be blamed as much on the Federal Reserve as it can be on poor stewardship from the banks.
The question for savvy investors is whether this is an isolated instance, due to Silicon Valley Bank’s large dependence on tech money or is it a systemic issue that could bring down the industry.
The time for aggressive stock investors to strike is when the proverbial blood is in the streets, and now may be that time. Six top companies should be able to easily navigate this issue, and all look like smart ideas for aggressive growth stock investors.
This post appeared first at 24/7 Wall St.