Bank of America Staged Massacre

Silicon Valley bank "flash" failure lead to a series of chain reaction! Despite the Fed's decisive rescue, the effects of the crisis continued to spread and US bank shares continued to be slaughtered.

The three major indexes reversed gains to open sharply lower, with the Dow down more than 230 points, the Nasdaq down 0.8 percent and the S&P 500, which accounts for 12 percent of financial stocks,

down more than 1 percent, wiping out all of its gains for the year. Offshore yuan up 1000 points!