Banking crisis on the horizon? Chase JPMorgan, Bank of america, City Bank all look like they’re headed lower the charts are very ugly. Investors are fearful.

by theSilverVigilante

Rising #bond #yields is hurting #US #banks and it starts to show up in the #cds – see below. With US Treasuries at 5%, Bank of America is close to 45x levered, at 6-7% infinitely levered. Maybe the #Fed should have stress-tested the banks not only on credit quality but also duration… Source: Lawrence McDonald

CBOE volatility index ramps up all day touching a high of 20.48 and closing below 20 dollars up 12% for the day we’ve been following it since it was in the low 12s

Investor Sentiment In the U.S. Stock Market Has Plummeted To Extreme Fear Levels.