Money managers address SVB impact on ETFs

There has been speculation that SVB’s collapse could expose problems lurking in industry-specific ETFs. John Davi, chief information officer at Astoria Portfolio Advisors, put financials at the top of his watch list. “You need to be mindful of your risk,” says Davi, who runs the firm AXS Astoria Inflation Sensitive ETFtold CNBC’s “Advantages of ETFsThis … Read more

SVB collapse exposes serious economic problems: Big Short’s Danny Moses

The collapse of a Silicon Valley bank has exacerbated the economic slowdown, although the government has taken action to mitigate the impact, according to Danny Moses, a “big short” investor. “You can’t assume regulators know what they’re actually dealing with now, considering they’re completely caught off guard … what just happened to Silicon Valley Bank,” … Read more