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  • Frank Byrd, CFA, CFP®

Banks Fail & Markets Go Up?


Markets are actually up following last week’s scary bank runs. Does that mean things are OK? What does this mean for investors? This week Steve and I sat down to discuss these questions. The following video summarizes what we know – and what we don’t know.

Rich Bank, Poor Bank

It is worth emphasizing that we just witnessed the second and third largest bank failures in US history. Then the second largest Swiss bank fell. Markets are up, yet we do not believe this drama is over for reasons discussed in the video.

Be sure to listen to the end where I emphasize the importance of financial advisers being independent of their custodians (rather than employed by them).

Please reach out if you have questions or want to discuss any concerns you have regarding your own bank or custodian.

Yours in the Field,

Frank Byrd, CFA


IMPORTANT DISCLAIMER: This note is for educational purposes only. It is not a recommendation to invest in any particular security or strategy, since anything mentioned herein may be completely unsuitable for some investors. Speak with your financial adviser before investing. While the information presented herein is believed to be accurate, Fielder Capital Group LLC (Fielder) makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this email or any attachments. Fielder is under no obligation to notify you of any errors discovered later or of any subsequent changes in opinions. Fielder’s employees are not attorneys or accountants and do not provide legal, tax, or accounting advice. Financial planning and investment strategies have the potential for loss. It should not be assumed that any of the securities, transactions, or holdings discussed will prove to be profitable in the future or that investment recommendations or decisions Fielder makes in the future will be profitable or will equal the investment performance of the securities discussed herein. Investing involves risk, including the potential of complete loss of principal amount invested. Fielder offers no guarantees or promises of success. Nothing herein should be construed as a recommendation to buy or sell any securities. Fielder or its employees may have an economic interest in securities mentioned herein.


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