Another day goes by and another bank that doesn't matter disappears.
This is a big deal.
In theory, investors should care about a handful of these regional banks no longer in existence.
But they don't.
In theory, there should be systemic implications to all of this, and the selling in little regional banks should spill into other, more important, parts of the market.
But it hasn't.
In theory, the inverted yield curve should precede a recession and all the money printing should ultimately cause a collapse.
If stock markets are about to recover and start another leg higher back towards all-time highs, I have a hard time imagining a scenario where Google (Alphabet) $GOOG doesn't at least retake last summer's highs north of $123 per share.
Call me crazy, but that's where my head's at.
Take a look at the coil that $GOOGL is working through right now:
The $GOOGL and $GOOG charts look the same. It's confusing and annoying that they have two shares classes (the "L" shares come with voting rights, the others do not).
The GOOG options have more open interest and volume, so that's where we will put on our trade.